Israel ranks next to last in child expenditure in OECD: report

Source:Xinhua Published: 2014-4-8 11:01:55

Israel spent less than 2 percent of its gross domestic product (GDP) on child support in 2013, ranking next to last among countries of the Organization for Economic Cooperation Development (OECD), according to a recent survey.

Israel ranked only ahead of Spain in child expenditure, said the survey conducted by the National Insurance Institute of Israel comparing child expenditure of OECD's member countries, most of which are developed countries.

Countries more generous to children included Germany and Belgium. Germany spent 6.8 percent of its GDP on minors, while in Belgium, families received 90.28 euros (124 USdollars) per month for the first child and 167 euros (229 dollars) per month for the second one.

Israeli families received 140 shekels (40 dollars) per month per child and roughly 62 percent of Israeli households had one or two children.

Israel's economy is strong, as its GDP is growing four times that of Eurozone countries and the country's unemployment rate, 6.3 percent, is among the lowest in the world, according to a Bank of Israel annual economic report released last week.

Experts attributed the disparity between Israel's robust economy and low child expenditure to high housing prices, high cost of basic food and the inefficient tax collection.

Posted in: Mid-East

blog comments powered by Disqus