Israel recorded a Government Budget deficit equal to 4.50 percent of the country's Gross Domestic Product in 2019. source: Bank of Israel

Government Budget in Israel averaged -5.29 percent of GDP from 1980 until 2019, reaching an all time high of 2.70 percent of GDP in 1986 and a record low of -16.10 percent of GDP in 1981. This page provides - Israel Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Israel Government Budget - values, historical data and charts - was last updated on December of 2020.

Government Budget in Israel is expected to reach -12.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel Government Budget is projected to trend around -7.00 percent of GDP in 2021 and -3.00 percent of GDP in 2022, according to our econometric models.

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Israel Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-4.50 -4.30 2.70 -16.10 1980 - 2019 percent of GDP Yearly


Israel 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.