Israel's public debt-to-GDP ratio rises to 62.1 pct in 2023

JERUSALEM, Jan. 17 (Xinhua) -- Israel's public debt-to-GDP ratio amounted to 62.1 percent in 2023, compared to 60.5 percent in 2022, the country's Finance Ministry said on Wednesday.

Also, Israel's government debt-to-GDP ratio increased by 1.6 percentage points to 60.4 percent last year compared to the previous year.

The ministry attributed the rise to the increase in the government's financing needs due