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


NIS 1b. for yeshivot inserted into budget base, haredi parties say

The decision means that the funds will no longer be labeled as “coalition funds”.

 HOUSING MINISTER Yitzhak Goldknopf, United Torah Judaism’s leader, in the Knesset last month. He turned to his Jewish heritage and instincts regarding the plight of the hostages, notes the writer.

Government approved 2025 ‘coalition funds’ amidst criticism

Coalition funds are a part of the national budget aimed at enabling the implementation of political agreements.

 Finance Minister and Head of the Religious Zionist Party Bezalel Smotrich leads a faction meeting at the Knesset, the Israeli parliament in Jerusalem, February 3, 2025.

Gov’t to whitewash over NIS 1 billion political funds in 2025 budget, letter reveals

The vote over coalition funds has been delayed.

 Prime Minister Benjamin Netanyahu and Construction and Housing Minister Yitzhak Goldknopf seen in Jerusalem, September 27, 2023

UTJ leaders refuse Netanyahu request to delay haredi draft bill

While preparation of the haredi draft bill sped up in the Knesset Foreign Affairs and Defense Committee in recent weeks, it is still unlikely to pass into law by March 3.

 Police officers in Bnei Brak, Israel use water cannons as haredi Orthodox Jewish men block a main highway to protest efforts to allow the state to draft Haredi yeshiva students into military service, June 2, 2024.

Israel advocacy is an additional Iron Dome for our national security - opinion

We cannot afford to neglect advocacy. This is precisely how the Civil Advocacy Headquarters was founded. But without financial backing from the state, it is fighting a losing battle from the outset.

 An Iron Dome launcher fires an interceptor missile as rockets are fired from Gaza, in Sderot, Israel, May 10, 2023.

Treasury official to Post: 'rehabilitating North and South difficult without budget'

Treasury official to Post: The continuing budget has the advantage of slowing expenditure, which moderates the deficit, but this comes with uncertainty and limits on the government to plan and act.

VARIOUS ISRAELI banknotes are displayed for an illustrative photo. The economy is well on its way to the pre-pandemic standards of budgetary discipline.

Your Taxes: Surly surtax

As part of the 2025 budget tax package, the Knesset passed an amendment that expands and increases what is sometimes known as the “Rich Man’s Tax” on high-income taxpayers.

Calculating taxes

Smotrich to haredim – don’t condition budget on IDF draft bill

Smotrich argued that the haredi parties should support the budget regardless – and then could topple the government over the draft, if they wished.

Finance Minister and Head of the Religious Zionist Party Bezalel Smotrich leads a faction meeting at the Knesset, the Israeli parliament in Jerusalem, December 9, 2024

How to teach teens smart money habits and budgeting - opinion

Discover practical tips for teaching teens financial responsibility, from saving strategies to budgeting skills, for a secure future.

THREE ISRAELI teenagers forge a special bond, but a looming draft date dares to tear them apart

2024 deficit 6.9% of GDP, 2025 budget must be passed, says accountant-general

The provisional budget is much lower than the proposed budget for 2025, and it is impossible to continue to function over time without passing the 2025 budget, the accountant-general said.

 Yali Rothenberg, Accountant General of the Ministry of Finance attends a press conference at the Ministry of Finance in Jerusalem on October 19, 2023.