The Finance Ministry announced that Israel's debt-to-GDP ratio amounted to 73.1% in 2020.
Finance Minister Yisrael Katz said that "this figure is much lower than earlier forecasts, along with the contraction of the economy, which amounted to only 3.3% in 2020, which is also low in international comparison and in relation to early forecasts. These macro data indicate the strength of the Israeli economy and its ability to recover quickly. "