Treasury predicts NIS 180 billion pandemic deficit

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Israel's cumulative deficit for the 12 months of the coronavirus pandemic (March 2020-March 2021) will reach around NIS 180 billion (approx. $54 billion), which translates to about 12.6% of the country's GDP, the Finance Ministry said Sunday.
According to estimates, the national budget deficit for the first quarter of 2021 is expected to reach around NIS 20 billion.
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