Fiscal Balance in Israel

Israel Fiscal Balance | Economic News & Forecasts

Israel - Fiscal Balance

The economy lost steam in the second quarter. Contractions in private consumption, fixed investment and exports weighed on momentum, while government consumption expanded robustly. However, a front-loading of car purchases in Q1 ahead of green tax changes distorted the reading, and underlying momentum was broadly stable. Turning to the third quarter, the economy is likely gaining some steam. Monthly economic activity growth in July was above the Q2 average, while the unemployment rate dropped notably year-on-year in the same month, boding well for consumer spending. Moreover, the manufacturing PMI remained in expansionary territory despite dipping, contrasting readings in many other developed countries. In politics, the 17 September general elections are likely to return a highly fractured Parliament, and forming a stable government could be difficult. This could weigh on business sentiment and complicate tackling the large fiscal deficit.

Israel - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-3.1  -2.7  -2.1  -2.1  -1.9  

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Israel Fiscal Balance Chart


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

Israel Facts

ValueChangeDate
Bond Yield1.10-1.69 %Sep 04
Exchange Rate3.53-0.37 %Sep 04
Stock Market1,479-0.91 %Sep 04

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