Moody’s Praises Netanyahu’s Economic Policies

Israeli Prime Minister Benjamin Netanyahu delivers a speech during a trilateral meeting in Jerusalem to discuss eastern Mediterranean oil and gas with the Greek prime minister and the Cypriot president on December 8, 2016. / AFP / GALI TIBBON (Photo credit should read GALI TIBBON/AFP/Getty Images)

The Algemeiner reports: – A new report by international credit ratings agency Moody’s praised Israeli Prime Minister Benjamin Netanyahu and Finance Minister Moshe Kahlon for the economic policies they have been leading in the Jewish state.

Moody’s had affirmed Israel’s A1 credit rating last September, assessing the country’s economic outlook as stable. In the new report, issued Thursday, Moody’s economists examined data on Israel’s debt-to-gross domestic product (GDP) ratio, figures that were released last week by Kahlon and outgoing Finance Ministry Accountant General Michal Abadi-Boiangiu.

The ratio reached an all-time low of 62.1 percent in 2016, an accumulated 9-percentage-point drop from Israel’s debt-to-GDP ratio in 2009, amounting to around 100 billion shekels (more than $26 billion).

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