Analysis Israel's Finance Ministry Needs to Wrestle With 2016 Budget Hole of Up to $4.4b

Treasury has to contend with spendthrift coalition and concerns over raising the country's debt-to-GDP ratio.

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The proposed 2016 government budget has a gaping hole of between 15.5 billion to 16.5 billion shekels (around $4.4 billion). The Finance Ministry’s proposed solution is painful, but not hugely so.