Now as well these figures are low in international comparison, which is an important asset for Israel’s economy. The reason for this is that financial markets and international institutions have confidence in the Israeli economy, as rating agency S&P noted when it confirmed Israel’s credit rating, and as IMF economists wrote in their recent survey.
However, the decline the debt to GDP ratio in the past 20 years derived not only from fiscal restraint steps but also from other factors that there is no guarantee will be on our side in the future when we want to lower the debt to GDP ratio.