Wednesday September 2, 2015
Israel Hayom
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Deficit for 2012 balloons to twice as large as initially forecast

Lower tax revenue than expected and higher expenses at root of 39 billion shekel deficit • Defense Ministry spent 3.4 percent more than previous year • Government issues bonds, sells lands to finance deficit.

Israel Hayom Staff

The deficit is larger than expected due to an economic slowdown.
Photo credit: Ziv Koren
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