Excerpts;
It also isn’t true, as Hirchson says, that “lowering VAT is necessary because the surplus from tax revenues will reach NIS 10 billion this year. We must return some of that money to the public.”
According to the finance ministry’s tax administration, the country’s tax surplus (the difference between planned tax revenues and the amount of tax actually paid) stands at about NIS 5 billion. Nor is there any leftover from VAT revenues; that real growth is about four percent.


