The Ministry of Finance published today (Monday) the deficit data for 2024, which stood at 6.91% of GDP - about 136 billion shekels.
The deficit is lower than the updated target of 7.7% set by the government following the war.
Finance Ministry data shows that direct spending on the war since its beginning has reached 125 billion shekels, of which about 100 billion shekels in 2024. Government spending jumped in 20% compared to 2023, while state revenues increased by 10%.
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Accountant General Yahli Rotenberg emphasized in a conversation with journalists the need to continue to maintain deficit targets in 2025 as an important message to the capital market that will enable the restoration of Israel's credit rating.
