Israel's debt-to-GDP ratio sees sharpest decline in 35 years


  • World
  • Thursday, 19 Jan 2023

JERUSALEM, Jan. 18 (Xinhua) -- Israel's public debt-to-GDP ratio dropped to 60.9 percent in 2022 from 68 percent in 2021, the Israeli Finance Ministry said Wednesday.

The year-on-year decrease of 7.1 percentage points is the sharpest since 1987, when an annual decrease of about 20 percentage points was recorded in the ratio figure, according to data from Israel's central bank.

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