One result of the Government debt growth was the raising of the debt-GDP ratio by 3% to 78% at the end of 2009
The Government Debt Management Division at the Ministry of Finance announced last week that the Israeli government's debt grew by 8.9% in 2009 to NIS 596 billion, compared with NIS 547 billion the year before, less than the treasury had feared. The increase is NIS 49 billion.
The announcement noted that the increase occurred against the backdrop of the economic crisis, and was caused by the large amount of net capital raised, and the rise in the Consumer Price Index (CPI) during the year.
One result of the Government debt growth was the raising of the debt-GDP ratio by 3% to 78% at the end of 2009. The Government Debt Management Division noted that if the debts of local government is included Israel's debt-GDP ratio was between 79% to 80% in 2009.