Economy · Full coverage
Israel's Fiscal Deficit Falls to 3.3% Amid Rising Tax Revenues by July
How 4 Israeli newsrooms covered this story — translated into English and compared side by side.
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First reported by Calcalist · 42 minutes ago
What happened
Israel's fiscal deficit dropped to 3.3% of GDP by July, aided by an 11% rise in government tax revenues, though spending is expected to increase later in the year. Defense ministries notably increased expenditures, while civil ministries underspent. Tax revenues grew significantly across direct and indirect taxes, supporting the improved deficit figures.
- 01Israel's fiscal deficit fell to 3.3% of GDP by July, below the 4.9% year-end target.
- 02Government revenues rose 11% year-over-year to 328 billion shekels by July.
- 03July's monthly deficit was 4.8 billion shekels, with spending at 373 billion shekels year-to-date.
- 04Defense ministries increased spending by 12.6%, while civil ministries underspent by 1.3%.
- 05Real tax revenues grew 12% in July 2026 compared to July 2025, with direct taxes up 14%.
- 06Officials warn spending will likely rise, making year-end deficit outcomes uncertain.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 4 outlets
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