Israel recorded a government budget deficit of 14878 ILS Million in December of 2019. Government Budget Value in Israel averaged -2221.71 ILS Million from 2005 until 2019, reaching an all time high of 6084 ILS Million in January of 2012 and a record low of -21522 ILS Million in December of 2017.

Government Budget Value in Israel is expected to be -4496.00 ILS Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Israel to stand at -11900.00 in 12 months time. In the long-term, the Israel Government Budget Value is projected to trend around -4500.00 ILS Million in 2020, according to our econometric models.

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Israel Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-14878.00 487.00 6084.00 -21522.00 2005 - 2019 ILS Million Monthly
Current Prices, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-07 10:00 AM Sep ILS-1.9B ILS-5.2B ILS-7.8B
2019-11-08 11:40 AM Oct ILS-6.7B ILS-1.9B ILS-1.0B
2019-12-04 05:00 PM Nov ILS0.5B ILS-6.7B ILS-0.6B
2020-01-10 04:00 PM Dec ILS-14.9B ILS0.5B ILS-0.7B
2020-02-10 07:00 AM Jan ILS-14.9B ILS-0.7B


Israel Government Budget Value
The net government budget balance (excluding credit) is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. Series do not include government's activity regarding credit lending and repayments of credit.

Israel Government Last Previous Highest Lowest Unit
Government Debt to GDP 61.00 60.50 96.00 60.50 percent [+]
Government Budget -3.70 -1.90 2.70 -16.10 percent of GDP [+]
Government Budget Value -14878.00 487.00 6084.00 -21522.00 ILS Million [+]
Government Spending 77071.40 76063.90 77071.40 41090.20 ILS Million [+]
Government Revenues 31773.00 28883.00 36740.00 4061.00 ILS Million [+]
Fiscal Expenditure 46563.00 28379.00 46563.00 5010.60 ILS Million [+]
Credit Rating 80.00 [+]
Military Expenditure 15690.00 15582.00 18267.00 358.00 USD Million [+]
Government Spending To GDP 39.50 39.55 51.67 39.50 percent [+]