Israel's Deficit Falls to 3.3% of GDP in June Amid Revenue Growth

Israel's monthly deficit in June was approximately 8.6 billion shekels, a significant decrease compared to June of the previous year, which saw a deficit of about 16.8 billion shekels. Over the past 12 months, the cumulative deficit amounted to roughly 3.3% of the country's GDP, down from 3.75% in May. State revenues for June reached around 45.7 billion shekels. Since the beginning of the year, total revenues have accumulated to approximately 307 billion shekels, marking an 11.4% increase compared to 275.7 billion shekels during the same period last year. This fiscal improvement is noted alongside preparations by Israeli entities to capitalize on new trade opportunities emerging in the Middle East.