The budget balance in relation to the gross domestic product in Palestine was forecast to continuously decrease between 2023 and 2028 by in total 4.66 percentage points. After the sixth consecutive decreasing year, the budget balance is estimated to reach -3.4 percent in 2028. However, it should be noted that these figures have not yet been adjusted for the impact of the 2023 Israel-Hamas War.
The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.
West Bank & Gaza: Budget balance between 2018 to 2028 in relation to GDP
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IMF. (October 5, 2023). West Bank & Gaza: Budget balance between 2018 to 2028 in relation to GDP [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1423587/palestine-budget-balance-in-relation-to-gdp/
IMF. "West Bank & Gaza: Budget balance between 2018 to 2028 in relation to GDP." Chart. October 5, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1423587/palestine-budget-balance-in-relation-to-gdp/
IMF. (2023). West Bank & Gaza: Budget balance between 2018 to 2028 in relation to GDP. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1423587/palestine-budget-balance-in-relation-to-gdp/
IMF. "West Bank & Gaza: Budget Balance between 2018 to 2028 in Relation to Gdp." Statista, Statista Inc., 5 Oct 2023, https://www.statista.com/statistics/1423587/palestine-budget-balance-in-relation-to-gdp/
IMF, West Bank & Gaza: Budget balance between 2018 to 2028 in relation to GDP Statista, https://www.statista.com/statistics/1423587/palestine-budget-balance-in-relation-to-gdp/ (last visited August 24, 2024)
West Bank & Gaza: Budget balance between 2018 to 2028 in relation to GDP [Graph], IMF, October 5, 2023. [Online]. Available: https://www.statista.com/statistics/1423587/palestine-budget-balance-in-relation-to-gdp/