Israeli Government Budget

According to the statement, the Prime Minister instructed the parties to reach finalized agreements within seven days.

The budget outline includes closing five ministries and numerous budget cuts to ministries, which may bring resistance from ministers and slow its passage through the Knesset.

As the war that began on October 7 continues, Israel faces critical challenges in security, energy, and the economy, the nation must turn to its innovative spirit: AI technology.

The Knesset approved a second 2024 budget, driven by the Israel-Hamas war, with 57 votes for and 51 against.

Finance Minister Smotrich seeks approval for a NIS 3 billion fund to cover war expenses, sparking internal tension over Israel's budget management.

The evacuation extensions will be financed by a sweeping 1% budget cut.

Per the minister's instructions, presentations on the budget will be held over two focused days instead of over the course of months.

"It is inconceivable that the concern for the PA and terror funds that it pays to families of terrorists will be more important than the citizens of Israel," Smotrich wrote.

Liberman, chairman of the Yisrael Beiteinu party, criticized the government's budget plan and raised concerns that cabinet member Dermer made commitments to the Saudis about a Palestinian state.

In an unexpected development, Agriculture Minister Dichter threatened to not support the budget over cuts to agricultural research, leading to an announced delay.