Government Spending in Israel increased to 98633.50 ILS Million in the fourth quarter of 2023 from 82224 ILS Million in the third quarter of 2023. Government Spending in Israel averaged 57375.90 ILS Million from 1995 until 2023, reaching an all time high of 98633.50 ILS Million in the fourth quarter of 2023 and a record low of 39480.80 ILS Million in the third quarter of 1995. source: Central Bureau of Statistics, Israel

Government Spending in Israel is expected to be 80284.00 ILS Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel Government Spending is projected to trend around 104133.00 ILS Million in 2025 and 106944.00 ILS Million in 2026, according to our econometric models.

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Israel Government Spending

Related Last Previous Unit Reference
Government Debt to GDP 60.70 67.90 percent of GDP Dec 2022
Government Budget -4.20 0.60 percent of GDP Dec 2023
Government Budget Value 2488.00 -33793.00 ILS Million Jan 2024
Government Spending 98633.50 82224.00 ILS Million Dec 2023
Government Revenues 43785.00 37300.00 ILS Million Jan 2024
Fiscal Expenditure 41252.00 71058.00 ILS Million Jan 2024
Credit Rating 81.00 Feb 2024
Government Spending to GDP 39.10 42.30 percent of GDP Dec 2022
Military Expenditure 23406.10 24341.00 USD Million Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
98633.50 82224.00 98633.50 39480.80 1995 - 2023 ILS Million Quarterly
Constant Prices, SA