Despite government claims of resilience, economists warn the new budget depends inequality, neglects infrastructure, and bets on short-term political survival over long-term economic stability.
The Religious Zionist Party, led by Finance Minister Bezalel Smotrich, fell below the electoral threshold with just 2.6% support.
Bank of Israel governor criticized the country's 2025 budget, cautioning that it would not bring down debt levels enough to offset a spike in spending caused by the war.
The 2025 Israeli budget allocates 545 million NIS for public diplomacy, with additional funds for defense and public transportation, aiming to support reservists and reduce social disparities.
Protesters blocked multiple entrances to the Knesset while a vote was held on the 2025 budget, as police attempted to disperse them.
Finance Minister Bezalel Smotrich: budget for war and reservists • Yair Lapid: Middle class is tired of being exploited
Israel's workforce is spread thin from war, extensive support to citizens, and high cost of living. Will the Israeli economy survive?
The Knesset will debate the state budget overnight as haredi draft demands add tension; final votes are set for Tuesday after months of political maneuvering.
We call on the National Security Ministry to immediately halt these huge cuts, will effectively lead to the cessation of the authority’s activity in all Israeli cities and will harm communities.
On October 7, no one questioned Netanyahu’s reasons for going to war. Now, many do – undermining the sense of national purpose and solidarity that was once so clear.
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