Budget

Annual plan to set out Israel's national spending for a defined period

Knesset approves Israel's 2025 budget despite threats of opposition

The national budget for 2025 will be around NIS 607.4 billion. The government has also approved budget adjustments totaling about NIS 37 billion.

01/11/2024

Government convenes for marathon 2025 budget debate

Smotrich said that "after victory," Israel's economy will see "fantastic returns" for years. He did not detail what "victory" entailed or when it would be achieved.

Govt economic plan includes slashing benefits for olim worth over NIS 500,000

A 10% increase in benefits for olim will be worth less.

Smotrich is 'arrogant': Ben-Gvir lashes out at finance minister after budget clash

These comments follow the return of the Knesset for winter session and reports regarding budget cuts for certain ministries.

Welfare, wage, and ministry cuts: Treasury unveils plan for 2025 budget

The budget outline includes closing five ministries and numerous budget cuts to ministries, which may bring resistance from ministers and slow its passage through the Knesset.

Iran's military budget is growing: What does that mean for the Middle East?

Iran wants to increase the accuracy of its range and the overall number of its ballistic missiles.

Finance Minister Bezalel Smotrich, Fitch Rating logo seen in background.

Israel's 2025 budget delays a red flag to investors and Israelis

Israel's economic professionals have stressed it, Ratings agencies have said it - Israel needs a responsible budget for 2025, and it needs to show it can pass one now.

10/10/2024
Bezalel Smotrich is seen pointing down in an illustrative featuring credit agency Moody's.

Moody's downgrade due to Israel's clueless leadership, gov't mistrust - expert

Israel's long-term future could continue to deteriorate if the government does not "understand the gravity of the moment."

29/09/2024
 Finance Minister Bezalel Smotrich attends a Finance committee meeting at the Knesset, on June 10

Uncertainty on when US aid will reach Israel may lead to further 2024 budget adjustments

Because the ministry does not currently know how much American aid will arrive and when, they decided not to account for this in the current expansion of the 2024 budget.

Economy Minister Nir Barkat and Finance Minister Bezalel Smotrich speak in the Knesset plenum

Economist warns: Israel's war costs could reach 10% of GDP, raising urgent challenges

"It is not unlike a second war of independence. And unlike the Yom Kippur War of 1973, which lasted three weeks, its end is not in sight.”

By NATHAN KLABIN/THE MEDIA LINE
16/09/2024
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