Finance Ministry

Israeli ministry dealing and overseeing all matters concerning country's economy

Israel's deficit shrinks to 7.9% of GDP despite war expenses, still above annual target

Despite ongoing war expenses pushing annual spending up by 26.3 percent, Israel's deficit has improved to 7.9% of GDP in October, with state revenue climbing to NIS 398.6 billion.

State Comptroller: Tax Authority missed NIS 3b from crypto

The State Comptroller stressed the need to examine how to collect taxes from the cryptocurrency market before the government raises taxes for the public.

By AHARON KATZ/GLOBES/TNS , JERUSALEM POST STAFF
06/11/2024
 Transportation Minister Miri Regev holds a press conference ahead of Israel's 76th Independence Day

Regev strikes deal with Treasury on congestion charge

At the government meeting on the budget last week, Regev and Smotrich fought over the decision to raise public transport fares, but in closed negotiation rooms, they reached an understanding

By ASAF ZAGRIZAK/GLOBES/TNS
06/11/2024

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

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.

North and South call for more effective compensation plans as Israel faces dual recovery challenges

While NIS 19 billion has been approved for rehabilitation, 5 billion of these remain frozen, waiting for the delineation of the area included in the rehabilitation.

29/10/2024

Finance Ministry drops growth prediction, citing expansion of fighting

The Finance Ministry laid out a number of factors that could impact the growth projection, causing it to rise or fall.

29/10/2024
Bezalel Smotrich is seen pointing down in an illustrative featuring credit agency Moody's.

Finance Ministry officials to 'Post': Moody's rating drop was premature, a step too far

The downgrade dropped Israel by two notches, from A2 to Baa1—the country's lowest score ever—and maintained a negative outlook for its rating.

20/10/2024

Israel's government set to start debate on new state budget this month

Ultra-Orthodox parties Shas, UTJ threaten: Without legislation to exempt most eligible haredi men from military service, we will not support budget.

Plenum approves NIS 3 billion expansion of 2024 budget

Members of the opposition have argued that the addition in government spending was unnecessary since the government could procure the necessary funds in other ways.

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