Israeli Government Spending Rises 4.2% to NIS 551 Billion in 2026
Translated & summarized from Ice by baba
Israel's government spending for the year to date reached approximately 551.1 billion shekels, a 4.2% increase compared to the same period last year. Monthly revenues in October were 46.2 billion shekels, while expenditures were 64.5 billion shekels, contributing to a monthly deficit of 18.3 billion shekels. The cumulative deficit over the past 12 months now stands at 3.3% of GDP.
The story in 5 lines · by baba
- Government spending rose 4.2% to NIS 551.1 billion year-to-date.
- October's monthly deficit was approximately NIS 18.3 billion.
- The 12-month cumulative deficit reached 3.3% of GDP.
- Year-to-date revenues increased 10% to NIS 503.3 billion.
- October revenues were NIS 46.2 billion and expenditures NIS 64.5 billion.
Israel's Ministry of Finance released its budget performance and tax revenue data for October 2026, revealing a monthly deficit of approximately 18.3 billion shekels. This marks an increase from the 15.2 billion shekel deficit recorded in October of the previous year. The cumulative deficit over the last 12 months has grown to about 3.3% of the Gross Domestic Product (GDP), a rise of 0.1 percentage points.
State revenues for October reached approximately 46.2 billion shekels. From the beginning of the year until the end of October, total revenues amounted to about 503.3 billion shekels, representing a 10% increase compared to the same period in the prior year, when revenues stood at roughly 457.6 billion shekels.
Government expenditures in October were approximately 64.5 billion shekels. For the year to date, total government spending reached about 551.1 billion shekels, up 4.2% from the 529.1 billion shekels spent during the corresponding period last year.
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