Government Spending in Israel decreased to 74817.20 ILS Million in the first quarter of 2020 from 76992.80 ILS Million in the fourth quarter of 2019.

Government Spending in Israel averaged 54832.09 ILS Million from 1995 until 2020, reaching an all time high of 76992.80 ILS Million in the fourth 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. Israel Government Spending - values, historical data and charts - was last updated on August of 2020.

Government Spending in Israel is expected to be 76051.00 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 78148.00 in 12 months time. In the long-term, the Israel Government Spending is projected to trend around 81990.00 ILS Million in 2021 and 84614.00 ILS Million in 2022, according to our econometric models.

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Israel Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
74817.20 76992.80 76992.80 41090.20 1995 - 2020 ILS Million Quarterly
Constant Prices, SA

Israel Government Last Previous Highest Lowest Unit
Government Debt to GDP 59.90 60.90 284.00 59.90 percent [+]
Government Budget -4.50 -4.30 2.70 -16.10 percent of GDP [+]
Government Budget Value -12000.00 -12200.00 6084.00 -21522.00 ILS Million [+]
Government Spending 74817.20 76992.80 76992.80 41090.20 ILS Million [+]
Government Revenues 23930.00 22714.00 36740.00 4061.00 ILS Million [+]
Fiscal Expenditure 36078.00 40610.00 46563.00 5010.60 ILS Million [+]
Credit Rating 81.00 [+]
Military Expenditure 15690.00 15582.00 18267.00 358.00 USD Million [+]
Government Spending To GDP 39.50 40.20 80.10 28.10 percent [+]

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.