In November, a budget deficit of approximately 1.2 billion shekels was measured

In November, a budget deficit of approximately 1.2 billion shekels was measured, and the cumulative budget surplus in the last 12 months is reduced to 0.4% of GDP (approximately 7.5 billion shekels). This is according to data published Thursday by the Accountant General of the Ministry of Finance, CPA Yali Rotenberg.
The cumulative surplus since the beginning of the year has dropped to the amount of NIS 28.9 billion - still unprecedented since the state has never been in a situation where after eleven months there is a surplus of funds in the state budget.
Since the beginning of the year there have already been six months with a budget surplus, a phenomenon that did not occur until 2022. At the same time, it should be mentioned that these are revenue surpluses for the current year, but the State of Israel has a debt of more than a trillion shekels on which it pays over 40 billion shekels in interest payments every year Just keep growing.
Since the beginning of the year, the state's revenues have already amounted to 427.9 billion shekels, compared to 373.6 billion shekels in 2021, when at the beginning of that year there was still the third lockdown resulting from the spread of the corona virus. This is a very significant increase of 14.5% in the collection of state revenues during this period this year. Tax revenues totaled NIS 33.9 billion
Government expenditures from the beginning of 2022 reached NIS 398.3 billion, of which NIS 6.2 billion resulted from expenditures for the economic aid program to deal with the Corona crisis. Excluding the expenses of the economic aid program, this is an increase of 5.6%. It should be noted that the cumulative performance of the economic aid program for the Corona crisis reached NIS 178.9 billion.