Finance Ministry

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

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

Moody's downgrades Israel's credit rating from A2 to Baa1, to lowest rating ever

Moody's ratings are intended to give investors a simple gradation system for deciding which securities will be most reliable.

An empty classroom

The true cost of a shorter school week: The cheap solution will cost us dearly

The proposed reduction of the school week threatens Israel's education system and economy without addressing the real challenges in education.

By LIZY DELARICHA
24/09/2024
 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.

Finance Committee begins debate over 2024 budget amendment

The Knesset Finance Committee reviewed a new spending bill by Finance Minister Bezalel Smotrich, aiming to allocate NIS 3.4 billion for war-related issues.

A year later: Sharp increase in apartment purchases in July

A review by the Ministry of Finance on the housing market shows a 29% rise in housing purchases in July 2024 compared to July 2023, with new apartment sales up by 51%.

By LIAD VAKNISH
12/09/2024

Israel's fiscal deficit climbs again

The figure for the end of July was 8.1% of GDP, or NIS 155 billion.

By OREN DORI/GLOBES/TNS
10/09/2024
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