The Treasury's chief economist said, Tuesday evening, that the government's tax revenue should grow in the next two years despite lower growth expectations for the economy. Yoel Naveh said that revenues increased 5.6 percent in 2015, double the economy's growth rate, and the trend continued in the first half of 2016.
The updated growth forecast for the economy is 2.5 percent in 2016, 2.7 percent next year and 2.8 percent in 2018. Growth in employment is expected to feed the growth in tax revenues.