Israel recorded a government budget deficit of 12167 ILS Million in June of 2020.

Government Budget Value in Israel averaged -2463 ILS Million from 2005 until 2020, 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. This page provides - Israel Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Israel Government Budget Value - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.

Government Budget Value in Israel is expected to be -7100.00 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 -9800.00 in 12 months time. In the long-term, the Israel Government Budget Value is projected to trend around -5500.00 ILS Million in 2021 and -4500.00 ILS Million in 2022, according to our econometric models.

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Israel Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-12167.00 -17793.00 6084.00 -21522.00 2005 - 2020 ILS Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-09 11:00 AM Mar ILS -15.9B ILS-3.3B ILS-4.5B
2020-05-08 11:00 AM Apr ILS-14.9B ILS-15.9B ILS-16.6B
2020-06-09 10:00 AM May ILS -17.9B ILS-14.9B ILS-13.5B
2020-07-06 05:00 PM Jun ILS-12.2B ILS-17.8B ILS-19.2B
2020-08-06 11:00 AM Jul ILS-12.2B ILS-13.8B
2020-09-03 11:00 AM Aug
2020-10-07 11:00 AM Sep ILS-7.1B
2020-11-09 11:00 AM Oct

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 -12167.00 -17793.00 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 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.