News Briefs

  9/2/2014, Elul 7, 5774

Flug: Over 3% Deficit Could Expose Economy to Significant Risk

Bank of Israel Governor Karnit Flug spoke today with the 'National Economic Conference' column in the Calcalist newspaper.

"Any deviation from the 3% deficit target could place the national economy and hurt the Israel public," Flug said, adding, "and we need act responsible and take a long hard look at the long-term implications. Israel's structural deficit is not based on a one-time deviation from the norm, but is amongst the highest today in the Western world."