Israel budget deficit dipped to 1.5%-1.6% March

Israeli Finance Minister Avigdor Lieberman seems to be on after talking on the annual Eli Hurvitz financial convention in Jerusalem June 29, 2021. REUTERS/Steven Scheer

JERUSALEM, April 5 (Reuters) – Israeli Finance Minister Avigdor Lieberman mentioned on Tuesday the nation’s price range deficit (ILBUD=ECI) possible fell to 1.5% to 1.6% of gross home product over the prior 12 months in March, and that he intends to chop petrol taxes resulting from spiking gasoline prices.

The ministry is anticipated to problem official price range information on Sunday. The deficit was 2.2% of GDP in February.

Lieberman mentioned that whereas the method might take time, he plans to cut back Israel’s “blu” petrol tax by a half shekel from a present degree of three.13 shekels ($0.98) per litre. The blu tax accounts for 42% of whole petrol costs, which rose to 7.44 per litre firstly of April.

($1 = 3.2012 shekels)

Reporting by Steven Scheer
Enhancing by Jeffrey Heller

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