Finance Ministry

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

It's time for the government to embrace lessons from the hi-tech sector

Adopting private-sector principles doesn’t mean running the government like a business. It means fostering a culture of efficiency, accountability, and alignment in service of the public good.

Tax Authority confirms higher vehicle tax rates for 2025

Alongside the adjustment to purchase tax on electric vehicles, all gasoline, diesel, hybrid, and plug-in hybrid vehicles will become more expensive.

By DUBI BEN-GEDALYAHU/GLOBES/TNS
15/12/2024
 Finance Minister Bezalel Smotrich with MK Moshe Gafni during a Finance committee meeting

Month after deadline, Israel's 2025 budget bills brought to Knesset

The total budget for 2025 will be approximately NIS 706 billion, and include budget cuts relative to the 2024 budget, totaling about NIS 37 billion.

Hundreds of IDF reservists to receive back money from wrongfully imposed fines

The NII also offered to freeze debts for some reservists, according to the KAN report.

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
Subscribe for our daily newsletter
Subscribe for our daily newsletter

By subscribing I accept the terms of use and privacy policy