Israelis' financial flexibility in 2023 declined for the third year in a row, according to an index compiled by financial education non-profit Pamonim. An important factor contributing to the decline was the increase in the number of Israelis facing continuous overdrafts on their bank accounts.
The Israeli fiscal deficit widened to reach 4.8% of GDP at the end of last January, representing an increase of 0.6% compared to the previous month. The index evaluates financial flexibility on a scale from 1 to 100.