Fiscal Balance in Israel

Israel Fiscal Balance | Economic News & Forecasts

Israel - Fiscal Balance

The economy shrank at a record rate in Q2, driven by plummeting private consumption and fixed investment due to the domestic lockdown. In contrast, public consumption surged amid government stimulus measures. Turning to Q3, the recovery is likely being constrained by a rise in Covid-19 cases, which forced the government to reimpose some restrictions on activity. The State of the Economy Index ticked up only marginally in July following five consecutive monthly contractions, hinting at subdued momentum. In politics, Prime Minister Benjamin Netanyahu and coalition partner Benny Gantz agreed to extend the budget approval deadline by 120 days in late August. While this averts the prospect of snap elections for now, political gridlock could hamper the recovery from the pandemic.

Israel - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-2.1  -2.1  -2.0  -2.9  -3.7  

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Israel Fiscal Balance Chart

Israel Fiscal
Note: Fiscal balance as % of GDP.
Source: Central Bank of Israel.

Israel Facts

Value Change Date
Bond Yield0.98-1.69 %Jan 01
Exchange Rate3.46-0.37 %Dec 31

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