Live Update
From the Liveblog of
Sunday, June 7, 2020
Government deficit surged by 1,800% in a year — Finance Ministry
The Finance Ministry says the Israeli government’s national deficit has multiplied by 18 in the last year following the coronavirus pandemic and the year-long political crisis.
In a statement, the ministry says the deficit stood at a billion shekels ($288 million) in May 2019, and surged to NIS 17.9 billion ($5.16 billion) in May 2020.
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