Government Spending in Israel increased to 77071.40 ILS Million in the third quarter of 2019 from 76063.90 ILS Million in the second quarter of 2019. Israel Government Spending - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Spending in Israel averaged 54400.48 ILS Million from 1995 until 2019, reaching an all time high of 77071.40 ILS Million in the third quarter of 2019 and a record low of 41090.20 ILS Million in the first quarter of 1996. This page provides - Israel Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Spending in Israel is expected to be 75968.00 ILS Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Israel to stand at 79222.00 in 12 months time. In the long-term, the Israel Government Spending is projected to trend around 81757.00 ILS Million in 2021 and 84373.00 ILS Million in 2022, according to our econometric models.


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Israel Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
77071.40 76063.90 77071.40 41090.20 1995 - 2019 ILS Million Quarterly
Constant Prices, SA


Israel Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.