Budget

Israel's budget deadline: What happens if Knesset cannot agree in time? - explainer

By law, failure to pass the budget by March 31 leads to an automatic collapse of the government and snap elections within about 90 days.

 The Knesset building, home of Israel's legislature, in Jerusalem, on November 14, 2022 (Illustrative).
Prime Minister Benjamin Netanyahu seen after the vote on the state budget at the assembly hall of the Knesset, the Israeli parliament in Jerusalem, January 28, 2026.

Knesset advances 2026 state budget in first reading amid coalition crisis over haredi draft

 Israeli Finance Minister Bezalel Smotrich speaks with Prime Minister Benjamin Netanyahu as lawmakers gather at the Knesset plenum to vote on a bill that would limit some Supreme Court power, in Jerusalem July 24, 2023.

Netanyahu convenes emergency meeting as haredi parties threaten to block state budget vote

 The Knesset building, home of Israel's legislature, in Jerusalem, on November 14, 2022 (Illustrative).

Knesset to vote on first reading of 2026 state budget, amid haredi parties' threats


Is the 2025 budget Israel's next social powder keg? - analysis

The budget is an opportunity for the government to show the public it is prioritizing the needs of the many.

 Bezalel Smotrich

Israel's 2025 budget: Smotrich announces changes to how budget built, work to start this week

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

 Bezalel Smotrich

Budget deficit could pass 10% at years end, opposition MKs warn

The result is that ahead of the 2025 budget, the state will either need to reduce its spending, which could affect its ability to provide services; or raise taxes.

 Head of the Finance committee MK Moshe Gafni leads a Finance committee meeting at the Knesset, the Israeli parliament in Jerusalem, on December 25, 2023.

No matter how big, Israel's defense budget alone can't provide security

Former INSS head says security is dependent on a diplomatic process, not just budgetary increase.

 Prime Minister Benjamin Netanyahu and National Security Minister Itamar Ben-Gvir embrace ahead of the 2023 budget vote.

Former Bank of Israel governor: Gov't economic response to Israel-Hamas war is insufficient

There are many characteristics of Israel's economy that make it resilient, says expert, but the future of the war could have drastic impacts on Israel's economy.

 Minister of Finance and Prime Minister. A terrible budget is about to be passed, sponsored by personal interests

Knesset already reaches budget deficit yearly ceiling in April

If you neutralize the effect of delayed taxes due to Passover, the budget still eclipsed its ceiling and reached 6.7%.

 Bezalel Smotrich

Government budget approved: Cities expected to renew under state auspices

Israel gears up for a new wave of urban renewal agreements with an approved budget of NIS 120 million, extending to 7 more local authorities.

 A new wave of framework agreements for urban renewal.

Magen David Adom does not appear in Israel’s state budget - Eli Bin

MDA’s resources are acquired through many donations, which also come from philanthropists in Israel but mainly from abroad.

 Eli Bin, Director General of Magen David Adom at the Maariv Conference in Tel Aviv

Knesset to hold marathon session to approve 2024 budget

Opposition party Yesh Atid filed a no-confidence motion on Monday over the government's failure to close what finance ministry officials said were unnecessary ministries.

 Israeli prime minister Benjamin Netanyahu, Ministers and MK's attend a plenum session for Israeli Knesset's 75th birthday, in the assembly hall of the Knesset, the Israeli parliament in Jerusalem, on January 24, 2024.

The Bank of Israel: Interest rate stands unchanged at 4.5%

Amir Yaron of the Bank of Israel extends public relief and calls for a committee to devise a multi-year defense budget plan due to economic challenges

  Governor of the Bank of Israel, Prof. Amir Yaron /