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Israel posted a budget deficit of 16.6 billion shekels ($4.5 billion) in November, the finance ministry said, citing a jump in expenses to fund Israel’s military offensive in the Gaza Strip, Reuters reports.
As a percentage of GDP, the deficit over the prior 12 months rose to 3.4pc in November from 2.6pc in October, it said.
A ministry source said the deficit for 2023 would end around 4pc of GDP.
