Israel's commercial banks will pay the state a one-time tax of 3.25 billion shekels ($1.0 billion) in 2026
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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)
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