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Israel’s budget deficit soars

Country must cut spending or raise taxes

URL: http://www.jewishjournal.com/israel/article/israels_budget_deficit_soars

Israel’s budget deficit for 2012 was more than double the government target, coming in at 4.2 percent of Gross Domestic Product (GDP). In addition, debt is 74 percent of GDP, making economic growth in Israel difficult.

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