Israel the only country in the West to reduce its debt
“Israel is the only country in the West which has managed to reduce its debt as a proportion of GDP in 2012.
“Yedioth Ahronoth has learned that the Israeli government’s debt in the past year (which is calculated this week and published soon) will total some 73.5% of GDP, compared to 74.1% of GDP in 2011 and 80% of GDP five years ago.
“Debt has increased in all Western countries in recent years, and in some it has even reached more than 100% of GDP.”
