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Finance Ministry

Increases to defense budget to cost Israeli households thousands

Average annual cost per household due to a 10 billion shekel increase is estimated at around 4,000 shekels ($1,000) per year, bringing higher taxes, reduced public services, finance ministry says

Gad Lior | 11.11.24

As war in Lebanon drags on, economic growth projections turn sour

Facing economic turbulence, Israel's 2024 growth forecast slashed to 0.4% amid ongoing conflict, marking a significant downgrade; Government urged to revise the budget to support growth, focusing on rebuilding northern and southern regions

Gad Lior | 10.29.24

Bank of Israel averse to axing 200-shekel banknote

Israel's central bank issues statements against Netanyahu's plans to remove banknotes from circulation, but doesn't elaborate on specific reasons for denying move

Gad Lior | 09.24.24

Magen David Adom warns of budget crisis: 'We won’t be able to provide proper service'

Director General Eli Bin criticized the Histadrut trade union and the Finance Ministry's conduct, warning of potential harm to the organization’s function: 'Everyone understands what's going to happen in the north, budgets are not allocated'

Alexandra Lukash | 09.18.24

תיעוד: כוחות צה"ל תוקפים משגרי רקטות בדרום ובמרכז רצועת עזה

Substantial cuts to IDF reservists' salaries proposed by Finance Ministry

Proposal aims to discard inflated reserve pay, and stipulates that a full reserve day will only be counted if it includes at least 8 hours of service; Finance Ministry estimates these measures will to save the state hundreds of millions of shekels and reduce reserve days by 25% to 33%

Yuval Sade | 09.04.24

Northern Israel mayors outraged by massive government budget cuts to their communities

The government approves 500 million shekel cut, mainly affecting displaced northern residents; Finance Ministry promises money will return but the north is doubtful: 'They are laundering funds that have not yet been given to us'

Yair Kraus | 08.26.24

ראש הממשלה, שר האוצר ומשרדי סוכנות הדירוג מודי'ס

Moody's set to downgrade country's rating for second time, Israeli market officials fear

Following a third downgrade by Fitch, economy official says it's only 'a matter of time' until Israel's credit ratings will fall once again

Gad Lior | 08.19.24

Tel Aviv Stock Exchange drops following Houthi retaliation threat

Following Houthi threats of retaliation after Israel's air strike in Yemen, Tel Aviv Stock Exchange records sharp declines

Gad Lior | 07.21.24

Israel government's irresponsible conduct will cost in credit scores

Opinion: Netanyahu convenes meeting on next budget leaving critical position holders out while credit rating firms keep a watchful eye on promises made by Israel, but not kept

Gad Lior | 07.17.24

Intel halts planned factory expansion in Israel

Tech giant informs Finance Ministry of planned pause in project after contractors receive notifications about their deals with the company being frozen; ministry says no change to overall expansion plan

Sophie Shulman/Calcalist | 06.11.24

Israel's GDP shrinks in last quarter of 2023 amid Gaza war

Israel’s Central Bureau of Statistics releases new report showing growth per capita dramatically decreased while deficit continues growing

Gad Lior | 02.19.24

In first, Moody's lowers Israel's credit rating from A1 to A2

International credit rating company alters its outlook on Israel to negative despite attempts made by officials to fend off the move; downgrade expected to lead to serious economic impact

Gad Lior | 02.10.24

Government tense ahead of Moody's decision on Israel's credit rating

Finance Ministry officials say Israel's economy stable and appeal to credit rating agency's representatives pointing to budget reallocations to combat large deficit for 2024

Gad Lior | 02.08.24

Finance Ministry scrambles to avoid Moody's downgrade of Israeli economy

In recent days, finance officials, including Finance Minister Bezalel Smotrich, have engaged in discussions with economists from the international agency in an effort to persuade them against a rating downgrade; The decision is anticipated to be announced in February

Gad Lior | 01.30.24

בנימין נתניהו ובצלאל סמוטריץ' במסיבת עיתונאים

Even OECD warns: Israelis will pay the price for government's poor budget priorities

Senior government officials assert the economy is excellent, however, forecasts indicating a doubling of the deficit this year, coupled with OECD warnings about money flowing to entities that do not promote growth

Gad Lior | 10.04.23