Israel recorded a government budget deficit of 2000 ILS Million in July of 2019. Government Budget Value in Israel averaged -2123.25 ILS Million from 2005 until 2019, reaching an all time high of 6084 ILS Million in January of 2012 and a record low of -21522 ILS Million in December of 2017. The net government budget balance (excluding credit) is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. Series do not include government’s activity regarding credit lending and repayments of credit. This page provides – Israel Government Budget Value – actual values, historical data, forecast, chart, statistics, economic calendar and news.