Israel's national debt, specifically its general government debt, reached over 1.2 trillion Israeli shekels (approximately 336 billion U.S. dollars) in the first quarter of 2024.
Understanding Israel's National Debt
The national debt refers to the total amount of money that the central government of Israel owes to its creditors, both domestic and foreign. This figure represents the accumulated financial obligations resulting from government borrowing over time to finance expenditures that exceed revenues.
The latest available figures indicate the following:
| Metric | Value (Q1 2024) |
|---|---|
| Total Debt (ILS) | Over 1.2 trillion ILS |
| Total Debt (USD) | Around 336 billion USD |
| Period | First quarter of 2024 |
| Type of Debt | General government debt |
This substantial figure reflects the government's borrowing activities to fund various public services, infrastructure projects, defense spending, and other budgetary needs. The exact figure can fluctuate quarterly due to ongoing government financial operations.
What Constitutes National Debt?
National debt, as measured for Israel's general government, includes financial liabilities such as government bonds, treasury bills, and other forms of borrowing from both domestic and international lenders. It represents the cumulative deficits from past and present government spending that have not been covered by revenues. The figures provided reflect the total outstanding debt at a specific point in time, specifically the first quarter of 2024.
