Budget Deficit

Global debt crossed $365 trillion after rising $10 trillion in the first half of the year, driven by soaring borrowing costs and large government deficits across major economies, according to the Institute of International Finance.

Discount Bank economic head Einat Meir analyzes global and Israeli markets, highlighting rising U.S. inflation, European rate hikes, and narrowing Israeli fiscal deficits.

Bnei Brak employs 219 workers past retirement age, including a 94-year-old, costing 40 million shekels annually while facing a 130 million shekel deficit.

France faces a growing debt crisis as 10-year bond yields hit 4.54%, driven by a 117% debt-to-GDP ratio, political instability, and populist electoral promises.

Meitav's weekly review highlights Israel's moderate inflation, complex budget deficit, and dormant housing market, while warning of U.S. monetary tightening risks and high household equity exposure.

Calcalist's Money Engines podcast outlines five macroeconomic forces shaping global and Israeli markets, from US bond yields and oil to local budget deficits.

The Ministry of Interior contacted the Bnei Brak Municipality and issued an ultimatum to achieve a balanced budget by the end of the year, while threatening to take measures. The municipal management rejected the claims, stating that the letter was not coordinated and that the year would end with a full financial balance.

The Congressional Budget Office updates its deficit estimate for fiscal year 2026 to $2.1 trillion, following a sharp decline in customs revenues. Julius Baer economists analyze the implications for the markets. Also: leadership changes at the Central Bank of Indonesia.

The Cleanliness Fund under the Ministry of Environmental Protection is facing a 4 billion shekel deficit. The ministry has stopped publishing financial reports, and commitments have exceeded the fund's revenues for the past 8 years.

Benjamin Netanyahu seeks to increase the defense budget for the next 13 years without identifying funding sources. Experts warn that this strategy increases debt and risks, undermining Israel's fiscal credibility.

President Vladimir Putin has given the green light to sell 30.4% of the government's shares in Sheremetyevo Airport. However, Russia is expected to retain the "golden share" to block management decisions.

An S&P report highlights that Israel functions as a 'super-economy' with AAA-level metrics, yet its rating remains at A due to government fiscal policy. Structural deficits and rising debt levels overshadow the business sector's strong performance.

The Ministry of Finance is exploring a reduction in mandatory pension contributions to increase net salaries and cover the war-induced budget deficit. Experts warn this could jeopardize the financial security of future retirees.

The war has pushed Russia into a deficit of about $74 billion. To bridge it, the government attempted to raise funds through bonds but failed. Meanwhile, Ukraine is increasing pressure on Russian infrastructure and logistics.