Israel's Treasury Predicts Smaller Budget Deficit for 2017 Than Originally Feared

Reasons cited for the change in shortfall include interest-rate stability, dip in development costs and virtual freeze on new spending commitments.

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The budget shortfall next year is projected to be 14.1 billion shekels ($3.7 billion), the Finance Ministry said Monday, and also projected that in 2018 the budget hole will shrink to 8 billion shekels. There...