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WEEKLY NEWSLETTER
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Israel
Index
Moshav Margalit in Galilee
Courtesy Embassy of Israel, Washington
The two most important tools of economic policy in Israel have
been the budget and foreign exchange control. Through the budget,
the government can deal with all financial activities of the public
sector. Defined in its broadest terms, the public sector includes
the central government, local authorities, and national
institutions (where the central government clearly dominates). In
1986 government and private nonprofit institutions represented
about 20 percent of GDP, which was about a 20 percent increase over
the public sector's importance in 1968. Similarly, the provision of
government-owned housing and rental services increased by 28
percent, rising from 8.4 percent of GDP in 1968 to 11 percent in
1986. Overall, in 1986 the business sector represented 69 percent
of GDP, whereas the public sector, in all of its dimensions,
represented 31 percent of GDP.
Data as of December 1988
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