Fitch downgraded Israel’s credit rating due to prolonged war. However, Israel's economy remains strong and requires various adjustments to ensure stability.
Israel's Education Minister plans to implement new regulations for major haredi school systems despite unresolved concerns from finance and justice ministries.
The chances of an employee who has been fired being hired decrease by 25% in the first year after they are fired, and drop 7% in the long-run.
Compensation plans for residents and businesses in Israel's north have been previously criticized for providing financial aid retroactively.
Starting January 2025, public sector psychologists' salaries will rise by up to 40%, aiming to boost their numbers and improve mental health care nationwide.
Most of those absent due to the war were men (77%), this is because of their larger share among those drafted to IDF reserves, said the ministry.
Grants of NIS 7,180 per adult and 1,436 per child were recommended by the committee, for a total of over NIS 220 million.
Head of Budget Department at Finance Ministry, Yogev Gardos, advocated for broad conscription in Israel, proposing benefits and savings, prompting debate and committee action.
While speaking at a private event, Finance Minister Bezalel Smotrich said that his goal was to prevent the West Bank from becoming part of a Palestinian state, describing changes as "mega-dramatic."
The budget is an opportunity for the government to show the public it is prioritizing the needs of the many.
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