September deficit reached NIS 10.1 billion; annual deficit remains at 3.2% of GDP
The Ministry of Finance published the budget execution data for September 2026, according to which the monthly deficit totaled approximately NIS 10.1 billion, compared to NIS 9.5 billion in September last year. The cumulative deficit…
Assessment
Israel's September deficit hit 10.1 billion shekels, up from 9.5 billion a year ago, but the annual deficit held steady at 3.2% of GDP. Revenue grew 10.4% year to date, outpacing a 3.4% spending increase. The question is whether revenue growth can keep pace if the economy slows, or if spending pressures will push the annual figure higher.