Finance Ministry

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

Almost 15,000 homes damaged by Iranian attacks, thousands evacuated

Some 24 buildings were identified as needing to be demolished following damage from Iranian strikes, Finance Minister Bezalel Smotrich said.  

 Israeli security and rescue forces at the scene where a ballistic missile fired from Iran hit and caused damage in Bnei Brak, June 16, 2025
 A road in Tel Aviv, June 14, 2025.

Israel's economy must function amid Iran attacks, chairman of umbrella business org says

 Finance Minister Bezalel Smotrich.

'Allies don't sanction allies': Finance Minister Smotrich unfazed by UK sanctions - interview

Finance Minister Bezalel Smotrich speaks in the Knesset plenum, in Jerusalem, March 25, 2025

Smotrich orders cancellation of waiver on cooperation with Palestinian banks


Israel approves 22 West Bank settlements amid war with Hamas, pressure for Palestinian state

Legal Affairs correspondent Sarah Ben-Nun explains the context of settlement approval, touching on expansion during the Israel-Hamas War, IDF operations in the West Bank, and more.

A general view of houses in the Israeli settlement of Maale Adumim in the West Bank

Gov't approves establishment of 22 new West Bank settlements

The decision includes plans to renew settlement activity in northern Samaria and develop new communities along the Jordan Valley border.

 A map of 22 areas in the West Bank that were approved for new Israeli settlements, May 29, 2025.

Finance Ministry, Teachers Union reach agreement in wake of teacher strikes

In addition, the clause published in the May 4 draft proposal that would have halted rank promotions for four months has been removed.

 Finance Minister Bezalel Smotrich and Yaffa Ben-David, Secretary-general of the Teachers Union.

Court rules: Teachers who took sick leave as protest must return to work

Some tens of thousands of teachers have been on a “sick day” strike since the start of the week.

An empty classroom in a school in Givatayim amid the teachers' strike. May 6, 2025.

'It's about more than money': Uncertainty remains over end to teacher strike despite deal

Despite new understandings between the Finance Ministry and the Teachers’ Union, it remains unclear whether disruptions in the education system will soon come to an end. 

 View of exterior of an empty school amid teachers strike May 5th, 2025.

Gov't members to raise own salaries while teachers strike over budget cuts - report

Just one day earlier, Smotrich wrote a letter to teachers, assuring them that rumors of government members receiving a pay raise are false.

(L to R): Defense Minister Israel Katz, National Security Minister Itamar Ben-Gvir, Prime Minister Benjamin Netanyahu, Finance Minister Bezalel Smotrich, Foreign Minister Gideon Sa'ar.

‘You are being incited with lies’: Smotrich denies Finance Ministry responsible for teacher pay cuts

Smotrich claimed there were necessary budget cuts across multiple sectors as a result of the war's growing cost.

 Finance Minister Bezalel Smotrich at Knesset, February 10, 2025.

Education Ministry backs teachers' strike on budget cuts to salaries

Benny Gantz expressed his support for the teachers as well and criticized Netanyahu's conduct on the matter.

 ONE CHALLENGE: The ongoing classroom shortage. Pictured: At a Beit Hakerem school.

High Court cannot force government to retain Bar as Shin Bet head, says Smotrich

"The responsibility for Israel's security lies with the government, and therefore, the authority [to fire Bar] rests with it," Smotrich said.

Finance Minister Bezalel Smotrich speaks in the Knesset plenum, in Jerusalem, March 25, 2025

Knesset tensions rise as opposition seeks to block budget cuts

Israel’s 2025 budget faces opposition pushback over proposed spending cuts, potentially delaying its approval ahead of the March 31 deadline.

 The Finance Committee meets in the Knesset, June 2021

Purim Spiel: Israel solves economic crisis by just printing more money

Purim Shpiel: The following is a satirical article from The Jerusalem Post's annual parodic Purim page, The Jerusalem Roast. Enjoy!

 Makin' it rain, baby.