Monday, September 9, 2013

Growth and Spending

A really interesting chart from my colleagues at JDC’s macroeconomic research institute, the Taub Center: Israel’s GDP per capita grew in the last 15 years by more than a quarter. Private consumption grew by more than a third.

Great, right?

But spending on social services like education and health grew by only 6%.

So … when the share of spending on these services declines so significantly, the consequences are more poverty, more need, and more vulnerable populations.

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