Knesset passes 2019 state budget of app. $140bn
Early Thursday, the Knesset completed the second and third readings of the state budget for 2019, amounting to NIS479.6 billion (app. $140bn), by a majority of 62 to 54. Defense is allotted NIS 73bn; education NIS 64bn; health NIS 42bn; and social security NIS 46bn. The budget is based on an estimated growth rate of 3.2 percent per annum.
One thought on “Knesset passes 2019 state budget of app. $140bn”
Estimated groth rate too high.
Estimate a real groth of 1.8%
Also mind that there is not always groth.
Groth leads to inflation as groth is limited by nature. There is no exponential groth that lasts.
Prepare for recession and inflation. And rupture of the israeli real estate bubble!