The government ended June with a massive deficit of NIS 4.04 billion, according to figures released by the Finance Ministry.

The deficit from the beginning of the year is NIS 5.85 billion. The deficit for the entire year, according to the government plan, is NIS 14.66 billion.

The treasury blamed the huge June deficit on seasonal health and interest payments on civil servants.

Domestic activity was responsible for an NIS 3.3 billion deficit in June, and NIS 6.63 billion from the beginning of the year. Activity abroad generated an NIS 584 million deficit in June, but from the beginning of the year, the government has underspent its budget on overseas activities by NIS 785 million.