JERUSALEM (Reuters) – Israel posted a budget deficit of 15 billion shekels ($4 billion) in March, the Finance Ministry said on Monday, citing higher spending as a result of Israel’s war with Palestinian Islamist group Hamas.
Over the prior 12 months, the deficit rose to 6.2% of gross domestic product, versus 5.6% in February and a target of 6.6% for all of 2024.
Tax revenue has also fallen 1.2% the first three months of the year.
(Reporting by Steven Scheer; Editing by Ari Rabinovitch)
