Government Spending in Israel increased to 82254.10 ILS Million in the fourth quarter of 2020 from 77716.20 ILS Million in the third quarter of 2020. source: Central Bureau of Statistics, Israel

Government Spending in Israel averaged 55457.61 ILS Million from 1995 until 2020, reaching an all time high of 82254.10 ILS Million in the fourth quarter of 2020 and a record low of 41086.80 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 May of 2021.

Government Spending in Israel is expected to be 77840.00 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 81501.09 in 12 months time. In the long-term, the Israel Government Spending is projected to trend around 81187.00 ILS Million in 2022 and 83785.00 ILS Million in 2023, according to our econometric models.

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Israel Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
82254.10 77716.20 82254.10 41086.80 1995 - 2020 ILS Million Quarterly
Constant Prices, SA

Israel Government Last Previous Highest Lowest Unit
Government Debt to GDP 71.10 58.50 284.00 58.50 percent [+]
Government Budget -11.70 -3.70 2.70 -16.10 percent of GDP [+]
Government Budget Value -11356.00 -10885.00 6084.00 -22850.00 ILS Million [+]
Government Spending 82254.10 77716.20 82254.10 41086.80 ILS Million [+]
Government Revenues 35652.00 27988.00 36740.00 4061.00 ILS Million [+]
Fiscal Expenditure 46981.00 38818.00 55228.00 5010.60 ILS Million [+]
Government Spending To GDP 46.90 39.80 80.10 28.10 percent [+]
Credit Rating 81.00 [+]
Military Expenditure 20102.00 19759.00 20102.00 364.00 USD Million [+]

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.