Government Budget in Palestine decreased to -0.50 percent of GDP in 2019 from 1.20 percent of GDP in 2018. source: Palestine Monetary Authority

Government Budget in Palestine averaged -0.74 percent of GDP from 1999 until 2019, reaching an all time high of 4.30 percent of GDP in 2008 and a record low of -8.20 percent of GDP in 2002. This page provides - Palestine Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Palestine Government Budget - values, historical data and charts - was last updated on July of 2021.

Government Budget in Palestine is expected to reach -2.50 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Palestine Government Budget is projected to trend around -3.20 percent of GDP in 2021 and 0.50 percent of GDP in 2022, according to our econometric models.

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Palestine Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 1.20 4.30 -8.20 1999 - 2019 percent of GDP Yearly

Palestine Government Last Previous Highest Lowest Unit
Government Debt to GDP 16.40 14.60 26.36 2.93 percent of GDP [+]
Government Budget -0.50 1.20 4.30 -8.20 percent of GDP [+]
Credit Rating 15.00 [+]
Government Spending 822.20 915.00 971.00 443.10 USD million [+]

Palestine Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.