The widely reported growth in the national deficit in 2012 did not surprise the Netanyahu administration, Finance Minister Yuval Steinitz said Tuesday, speaking at Ariel University in Samaria (Shomron). The government “announced that [the deficit would grow] in January and again in July 2012,” he said.
“In July 2012 we started taking steps to minimize the deficit growth. My first step as Finance Minister, to cope with the crisis, was to bring about an increase in investments,” he continued.
Israel is in a good situation compared to most Western nations, he noted.