Israel’s budget deficit reaches 3.3% of GDP in the 12 months to October

Israel’s Finance Ministry published its preliminary accounts for October on 9 November 2026. The government’s budget deficit reached 3.3% of gross domestic product (GDP) in the 12 months to the end of October, up from 3.2% at the end of September. In October alone, spending exceeded revenue by 18.3 billion shekels, compared with 15.2 billion a year earlier ¹²³.

What the government collected and spent in October

The government took in 46.2 billion shekels in October and spent 64.5 billion. The difference is the deficit for the month. The ministry’s figures show that the deficit in October 2026 was 3.1 billion shekels larger than in October 2025 ¹².

The 3.3% figure covers a different period. It measures the cumulative deficit from November 2025 to October 2026 as a share of the Israeli economy. When the ministry updated its September calculation, October 2025 dropped out of the total and October 2026 took its place. The deficit as a share of GDP rose by a tenth of a percentage point between the two reports ¹²³.

Revenue grew faster than spending over the first ten months

From January to October 2026, the Israeli government collected 503.3 billion shekels, up from 457.6 billion in the first ten months of 2025. That was a 10% increase in nominal terms. Over the same period, spending rose from 529.1 billion to 551.1 billion shekels, an increase of 4.2% ¹².

The figures put the deficit for the first ten months of 2026 at about 47.8 billion shekels. A year earlier, the gap between revenue and spending was about 71.5 billion, based on the rounded figures published by the ministry ¹².

Sources

1. Ministère israélien des Finances, département du comptable général, « Estimation préliminaire de l’exécution budgétaire, octobre 2026 (en hébreu, PDF reproduit par Funder) », 9 novembre 2026, https://cdn.funder.co.il/%EF%BF%BD%EF%BF%BD%D7%94%D7%95%D7%93%D7%A2%D7%94%20%D7%9C%D7%A2%D7%99%D7%AA%D7%95%D7%A0%D7%95%D7%AA_%D7%90%D7%95%D7%9E%D7%93%D7%9F%20%D7%91%D7%99%D7%A6%D7%95%D7%A2%20%D7%AA%D7%A7%D7%A6%D7%99%D7%91-%20%D7%90%D7%95%D7%A7%D7%98%D7%95%D7%91%D7%A8%202026_g_Jx6WT0Be.pdf
2. Asaf Zagrizak, Globes, « Israel’s fiscal deficit widens », 9 novembre 2026, https://en.globes.co.il/en/article-israels-fiscal-deficit-widens-1001562558
3. Davar, « Le déficit annuel atteint 3,3 % et les recettes de l’État progressent de 10 % par rapport à 2025 (en hébreu) », 9 novembre 2026, https://www.davar1.co.il/706588/

The story in 30 seconds

Read the main facts at a glance and share the link.

1. Israel’s budget deficit for the 12 months to the end of October 2026 was 3.3% of GDP, up from 3.2% at the end of September.
2. In October 2026, the Israeli government took in 46.2 billion shekels and spent 64.5 billion.
3. From January to October 2026, government revenue rose 10% and spending rose 4.2% compared with the same months in 2025.

Share Share Instagram WhatsApp Telegram X Facebook E-mail Copy link Download summary card (image) Story (9:16)

Spotted an error or a missing source? Write to us : we publish corrections in the article.