Tax Revenues Beat Forecast Last Month

It was a rare case of good news on the fiscal front, where the government has struggled to contain a deficit that has widened as tax revenues failed to meet the amounts contained in the original 2012 budget.

The government's revenue from taxes and fees reached NIS 18.5 billion in September, 2.7% higher than it was a year ago and NIS 300 million more than had predicted it would take for the month, the Finance Ministry said on Thursday.