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The government posted a deficit of NIS 3 billion on its operations in August 2002 excluding net credit, according to preliminary estimates by the treasury.

For July the government managed to achieve a surplus of NIS 440 million.

Its deficit for the first eight months of the year, compared with its budget for that period, has risen to NIS 8.7 billion,

According to the preliminary figures, the government's domestic activity in August generated a deficit of NIS 2.55 billion, excluding net credit. Including credit that figure climbs to NIS 2.58 billion.

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From the beginning of the year, domestic activities have generated a deficit of NIS 9.05 billion, excluding credit.

Operations abroad in August generated a deficit of NIS 479 million. From the beginning of the year, its overseas operations have generated a surplus of NIS 325 million.

During August the government raised NIS 628 million net in Israel, and withdrew NIS 3.1 billion from the banks.

State revenues from taxes totaled NIS 12.1 billion in August, of which NIS 5.8 billion were income tax, and NIS 5.3 billion were VAT and Customs.