Deficit Reduction and Limitation of Budgetary Expenditure Law, 5752-1992
חוק הפחתת הגרעון והגבלת ההוצאה התקציבית, התשנ"ב–1992
Unofficial English translation — for reference only. It may contain errors or omissions and cannot be relied on as a legal text. Only the Hebrew text published in Reshumot is legally binding.More
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The Hebrew text as published in Reshumot (ספר החוקים) and on the Knesset website is the sole authoritative and legally binding version. In any discrepancy, the Hebrew text prevails.
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Deficit Ceiling for the Years 1992 to 1996§
Deficit Ceiling for the Years 1997 to 1999§
Deficit Ceiling for the Years 2000 and 2001§
Deficit Ceiling for the Year 2002§
Deficit Ceiling for the Years 2003 Onwards§
For the financial years 2003 onwards, the Government shall determine the rate of the overall deficit as a percentage of GDP in accordance with the following provisions:
Amount of Government Expenditure in the Years 2005 and 2006§
The amount of Government expenditure in each of the 2005 and 2006 budget years shall not increase by a rate exceeding 1% relative to the amount of Government expenditure in the preceding year, linked to the Consumer Price Index published by the Central Bureau of Statistics, provided that the said expenditure amount shall not cause an excess of the deficit rate determined for that year pursuant to the provisions of this Law; for this purpose, "amount of Government expenditure" means the gross amount of Government expenditure as determined in the annual budget law, including the extension of credit, and excluding the repayment of principal debts only, where such repayment is not a repayment of debts to the National Insurance Institute.
Amount of Government Expenditure for the Years 2007 Onwards§
"amount of Government expenditure" means the net amount of Government expenditure as determined in the annual budget law, including the extension of credit, and excluding the repayment of principal debts only, where such repayment is not a repayment of debts to the National Insurance Institute;
"advancement rate" – (Repealed);
"maximum addition rate" –
"debt-to-output ratio" means the ratio, known at the date of submission of the budget law, between the sum of the gross Government debt plus the gross debt of the local authorities less the debt of the local authorities to the Government, and the level of the Gross Domestic Product published by the Central Bureau of Statistics;
"date of submission of the budget law" means the date for the submission of the budget bill to the Knesset table, pursuant to section 3(b)(1) of Basic Law: State Economy.
Temporary Provision for the Years 2005, 2007 and 2008 – Financing the Disengagement Plan§
Temporary Provision for the Years 2007 and 2008 – Financing the Fighting in the North§
Temporary Provision for the Years 2009 and 2010 – Financing Expenditures Arising from the Global Crisis§
Temporary Provision for the Year 2013 – Increase of the Amount of Government Expenditure due to Late Approval of the State Budget and Exceptional Fiscal Circumstances§
Temporary Provision for the Year 2015 – Increase of the Amount of Government Expenditure in the Year 2015§
Notwithstanding the provisions of section 6a, in view of the exceptional delay in the approval of the 2015 budget, the Government may, in the 2015 budget year, increase the amount of Government expenditure by an additional rate above the rate referred to in section 6a, not exceeding 2% relative to the amount of Government expenditure in the 2014 budget year, calculated pursuant to section 6a.
Temporary Provision for the Year 2016 – Increase of the Amount of Government Expenditure in the Year 2016§
Temporary Provision for the Year 2017 – Increase of the Amount of Government Expenditure in the Year 2017§
Temporary Provision for the Year 2018 – Increase of the Amount of Government Expenditure in the Year 2018§
Notwithstanding the provisions of section 6a, in view of the provisions of section 1(a)(3) of Basic Law: State Budget for the Years 2017 and 2018 (Special Provisions) (Temporary Provision), and the provisions of sections 3(a) and 5(2) of the State Budget for the Years 2017 and 2018 (Special Provisions) (Temporary Provision) Law, 5776-2016, the Government may, in the 2018 budget year, increase the amount of Government expenditure by an additional rate above the rate referred to in section 6a, not exceeding 0.4% relative to the amount of Government expenditure in the 2017 budget year, calculated pursuant to section 6a.
Temporary Provision for the Year 2019 – Increase of the Amount of Government Expenditure in the Year 2019§
Notwithstanding the provisions of section 6a, the Government may, in the 2019 budget year, increase the amount of Government expenditure by an additional rate above the rate referred to in section 6a, not exceeding 3% relative to the amount of Government expenditure in the 2018 budget year, calculated pursuant to section 6a.
Temporary Provision for the Year 2020 – Increase of the Amount of Government Expenditure in the Year 2020§
Temporary Provision for the Years 2021 and 2022 – Linking of the Amount of Government Expenditure§
Notwithstanding the provisions of section 6a, with respect to each of the 2021 and 2022 budget years, subsection (b) of that Section shall be read as if instead of "linked to the average rate of change of the Consumer Price Index published by the Central Bureau of Statistics in the three years preceding the year prior to that budget year" it read "with the addition of a rate of 2%, reflecting linkage to the Consumer Price Index in a situation of price change in the middle of the price stability range determined by the Government in accordance with section 3(b) of the Bank of Israel Law, 5770-2010".
Temporary Provision for the Years 2023 and 2024 – Linking of the Amount of Government Expenditure§
Temporary Provision for the Year 2021 – Financing the Corona Crisis in the Year 2021§
Temporary Provision for 2022 – Increase of the Deficit Rate for the Purpose of Coping with the Corona Crisis in 2022§
Temporary Provision for 2023 to 2025 – Increase of the Deficit Rate for the Purpose of Coping with the Corona Crisis in 2023 to 2025§
Temporary Provision for 2023 – Increase of the Amount of Government Expenditure in 2023 – Swords of Iron§
Temporary Provision for 2024 – Increase of the Amount of Government Expenditure in 2024 – Swords of Iron§
Temporary Provision for 2025 – Increase of the Amount of Government Expenditure and the Deficit Rate§
Temporary Provision for 2026 – Increase of the Amount of Government Expenditure§
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חוק הפחתת הגרעון והגבלת ההוצאה התקציבית, התשנ"ב–1992
Deficit Reduction Law
Budgetary Expenditure Law
Limitation of Budgetary Expenditure Law
5752-1992
Pachtat Hagaren
Budget deficit law
Israeli budget law
Expenditure limitation law
Fiscal discipline law