Tuesday, 20 August 2019 10:33 GMT

Israeli GDP hits targeted 2.9 percent deficit

(MENAFN) Israel recorded 2.9 percent of gross domestic product (GDP) in 2018, fulfilling its government budget deficit objective for last year.

The Israeli government deficit for last year reached USD10.48 billion, while standing at USD6.6 billion in the previous year and registering 1.9 percent of the GDP.

Israeli Finance Minister Moshe Kahlon affirmed that "the Israeli economy is in its best condition to date, and the proof lies in the facts. Under our watch, both the economy and the citizens are strong."

Kahlon added: "in our newspapers, they may say that we played with the numbers. All of these numbers are monitored by international companies."


Israeli GDP hits targeted 2.9 percent deficit


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