Palestine recorded a Government Budget surplus equal to 2.70 percent of the country's Gross Domestic Product in 2023. Government Budget in Palestine averaged -0.32 percent of GDP from 1999 until 2023, reaching an all time high of 4.30 percent of GDP in 2008 and a record low of -8.20 percent of GDP in 2002. source: Palestine Monetary Authority

Related	Last	Previous	Unit	Reference
Government Budget	2.70	3.60	percent of GDP	Dec 2023
Government Debt to GDP	21.70	18.50	percent of GDP	Dec 2023
Government Spending	616.50	532.80	USD million	Sep 2024
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Palestine Government Budget

The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.