Israel's fiscal deficit widened to 4.8% of GDP at the end of January 2024, the Ministry of Finance Accountant General has reported, up 0.6% from 4.2% at the end of December 2023.
In a major blow to Israel's economy, the international ratings agency has also lowered Israel's outlook to negative, after a review for downgrade initiated after the start of the war.
Accountant General Yali Rothenberg takes issue with Moody's credit rating cut, which did not take into account Israel's strong economic data, as the scale of the war is being reduced.