Budget Deficit in July Remained at 3.3% of GDP
The state budget deficit for the last 12 months stood at 3.3% of GDP, unchanged from June. State revenues in July climbed to 55 billion shekels.
The cumulative deficit over the last 12 months totaled 72.9 billion shekels, remaining stable compared to June. State revenues in July climbed to 55 billion shekels, though the Accountant General's department notes that government spending growth is expected to accelerate in the coming months.
The state budget deficit remained stable at 3.3% of GDP for the 12 months ending in July, unchanged from June and well below the annual target of 4.9% set in the state budget, according to the Accountant General's department at the Ministry of Finance.
Since the beginning of the year, a deficit of 11.5 billion shekels has accumulated, compared to 37.2 billion shekels in the same period of 2025. State revenues in July totaled 55 billion shekels, up from 48.1 billion shekels in July of last year. Year-to-date revenues have risen by 11.8% to 362.1 billion shekels. Meanwhile, expenditures in July totaled 59.9 billion shekels, and have increased by 3.5% to 373.6 billion shekels since the start of the year.
