Treasury predicts NIS 180 billion pandemic deficit
Treasury predicts NIS 180 billion pandemic deficit Gad Lior | Published: 04.04.21 , 15:36 Israel's cumulative deficit for the 12 months of the coronavirus pandemic (March 2020-March 2021) will reach around NIS 180 billion (approx. $54 billion), which translates to about 12.6% of the country's GDP, the Finance Ministry said Sunday. According to estimates, the national budget deficit for the first quarter of 2021 is expected to reach around NIS 20 billion. comment