(Globes) Oren Dori - Israel's GDP ratio shrank dramatically in 2022 to 60.9% from 68% in 2021, according to the Ministry of Finance's Accountant General Yali Rothenberg. The reduction was due to GDP growth of 6.3% and debt reduction of NIS 7 billion. The Accountant General used the revenue surplus last year to repay old debts of almost NIS 20 billion. Before the Covid crisis, Israel's GDP ratio had fallen to 59.5%. Due to the Covid crisis, the GDP ratio rose to 71.7% in 2020.
2023-01-19 00:00:00Full ArticleBACK Visit the Daily Alert Archive