04, Aug 2020, EDT.

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Country or Region: Israel › Change country
Economic Indicator: General Government Structural Balance (National Currency) › See all Israel indicators, › See General Government Structural Balance (National Currency) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Shekel
Currency Symbol: ILS

Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude. Source: Ministry of Finance or Treasury Latest actual data: 2015 Fiscal assumptions: Historical data are based on Government Finance Statistics (GFS) submitted by the Central Bureau of Statistics. Projection for 2016 based on the budget for 2016. In the absence of measures to reduce the fiscal deficit, it is assumed to be constant in subsequent years. Start/end months of reporting year: January/December GFS Manual used: Government Finance Statistics Manual (GFSM) 2001 Basis of recording: Quasi-accrual basis. General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Israeli shekel Data last updated: 03/2016

General Government Structural Balance (National Currency) for Israel is ILS -32.916 Billion. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude.

In the previous year, 2014, General Government Structural Balance (National Currency) for Israel was ILS -38.48 Billion General Government Structural Balance (National Currency) for Israel in 2015 was or will be 14.47% less than it was or will be in 2014.

In the following or forecasted year, 2016, General Government Structural Balance (National Currency) for Israel was or will be ILS -43.26 Billion, which is 31.41% more than the 2015 figure.