"The year 2023 will end with a deficit of only around 1%, and therefore the volume of debt raising for 2023 will not be dramatic in relation to our ability to raise debt," the Accountant General of the Ministry of Finance (Hashkal) Yehli Rotenberg told "Maariv" during the accountants' conference. These contradict estimates that the actual deficit will be higher.
According to the data, the debt-to-GDP ratio for 2022 was 60.8% – down from 71% in two years. The annual debt collection dropped from a record of NIS 265 billion in 2020 to NIS 63 billion. According to the Hashkal, Israel will be required to double its investments in infrastructure, and until 2035 to invest each year about 5% of the GDP. This is a cumulative amount of more than NIS 90 billion in terms of the year 2023.
Rotenberg mentioned the Treasury's intention to fight crime in state tenders and said: "This is a matter of close cooperation between us and the Ministry of Justice, the Ministry of Defense, the police and a number of other government ministries, with the aim of combating the dangerous phenomenon of criminal organizations taking over state tenders. Estimated at billions of shekels. We will not allow criminals to pollute the tenders paid for with public funds. It is our responsibility to determine the rules of the game."
Rotenberg mentioned the contribution of the accountants who help the state in a variety of fields, with fees exceeding NIS 100 million per year. For example, the worlds of external audit and financial control, internal audit, reference services on a wide scale such as risk management, taxation and accounting consulting.