This share lies above the long-run average of about 10 percent over the past few decades, and well above the cyclical trough of 7 percent in 2001.
As you hear my address, you may feel a sense of déjà vu, as if you heard the same words yesterday in the Finance Minister's speech. But I can assure you that the two speeches were written separately and any similarity is purely coincidental. In any case, it bodes well for the continued cooperation between the Bank of Israel and the Treasury.