May 8, 2013
Government expenditures increased compared to last year, despite spending limitations
The government deficit in January – April of this year amounted to NIS 7.7bn, compared to a NIS 4.4bn deficit in the same period last year.
It must be noted that state revenues since the beginning of the year remained unchanged compared to the same period last year, and thus the increase in the deficit originates from the expenditures side. Expenditures increased by a nominal rate of 3.8% in the January – April period, compared to the same period last year.
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