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Israeli banks to pay state $1 billion in 2026, lowering budget deficit target to 4.9% of GDPBY Reuters | ECONOMIC | 08:37 AM EDTJERUSALEM, March 19 (Reuters) - Israel's commercial banks will pay the state a one-time tax of 3.25 billion shekels ($1.0 billion) in 2026, which will lower the planned budget deficit target to 4.9% of gross domestic product from 5.1%, the Finance Ministry said on Thursday. ($1 = 3.1239 shekels) (Reporting by Steven Scheer, Editing by Louise Heavens) More Fixed Income News
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible. Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss. Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully. |
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