Israel’s tax revenues jumped 28 per cent in June compared with a year earlier, driving the 12-month rolling fiscal deficit down to 3.3 per cent of GDP, the finance ministry reported on Wednesday. The sharp improvement, which officials in Tel Aviv attribute partly to a low base during the 2025 conflict, still represents a real increase of about 15 per cent after stripping out war-related distortions. Income-tax receipts from the self-employed surged 53 per cent, while capital-market and real-estate transaction taxes also posted exceptional gains, signalling a rapid post-war recovery in domestic activity.

Indonesia’s fiscal picture showed similar momentum. State revenue reached Rp 1,459.4 trillion in the first half of 2026, a 21.4 per cent year-on-year rise, Finance Minister Purbaya Yudhi Sadewa told parliament. The budget deficit stood at 0.76 per cent of GDP, well within official limits. Behind the headline numbers, Jakarta is accelerating a data-driven overhaul of public finance. The social affairs ministry and the statistics agency are preparing to launch version three of the Single Socio-Economic Data (DTSEN) registry, which governs the distribution of social assistance to 18 million families. State-owned mortgage lender BTN, meanwhile, signed a five-year pact with the statistics bureau to use granular address-level data to target housing loans more precisely, a move its chief executive said would sharpen credit allocation under the government’s three-million-homes programme.

Other large emerging economies are also leaning on structural shifts to manage their debt burdens. Brazil’s Treasury secretary told lawmakers that projected primary surpluses would stabilise public debt at 87.8 per cent of GDP by 2029 before a gradual decline. Mexico has quietly reoriented its borrowing: domestic debt now accounts for 78 per cent of the total, up from 64 per cent a decade ago, a strategy officials in Mexico City describe as a hedge against exchange-rate volatility. Colombia’s budget execution reached 39.6 per cent by June, one of the highest mid-year rates in eight years, though performance varied sharply across ministries, with the presidency committing just 4.4 per cent of its expanded budget.

These fiscal gains are being reinforced by investments in digital infrastructure. Indonesia’s national payment switch, Jalin, reported a 38 per cent rise in digital business volume in 2025, connecting more than 105 banks and fintech firms. The company maintained system availability above 99.9 per cent even during peak holiday periods, supporting the transaction flows that underpin tax compliance and consumption. The next test for all these economies will be the second-half budget execution reports, which will reveal whether the revenue momentum can be sustained as global financial conditions tighten.