Deficit for 1996 totals $5 billion

JERUSALEM, Jan. 6 (JTA) — The Israeli government’s deficit for 1996 totaled about $5 billion, nearly double the target figure. In comparison to 1995, this constitutes a 58 percent increase in the budget deficit. While government spending remained within planned objectives, state revenues fell short of projections.

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JERUSALEM, Jan. 6 (JTA) — The Israeli government’s deficit for 1996 totaled about $5 billion, nearly double the target figure. In comparison to 1995, this constitutes a 58 percent increase in the budget deficit. While government spending remained within planned objectives, state revenues fell short of projections.

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