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


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.

 Finance Minister Bezalel Smotrich and National Security Minister Itamar Ben-Gvir. (Illustrative)

Government convenes for marathon 2025 budget debate

Smotrich said that "after victory," Israel's economy will see "fantastic returns" for years. He did not detail what "victory" entailed or when it would be achieved.

 Minister of Finance Bezalel Smotrich speaks with Minister of Innovation, Science and Technology Ofir Akunis during a vote on the state budget at the assembly hall of the Knesset, the Israeli parliament in Jerusalem, March 13, 2024.

Govt economic plan includes slashing benefits for olim worth over NIS 500,000

A 10% increase in benefits for olim will be worth less.

 Olim on the 64th Nefesh B’Nefesh charter flight pose with organization’s Co-founders Rabbi Yehoshua Fass and Tony Gelbart; Minister of Aliyah and Integration, Ofir Sofer; and Director-General of the Ministry of Aliyah and Integration, Avichai Kahana.

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.

 Itamar Ben-Gvir and Bezalel Smotrich attend a plenum session on forming the government, in the Israeli parliament, on December 29, 2022.

Welfare, wage, and ministry cuts: Treasury unveils plan for 2025 budget

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.

 FINANCE MINISTER Bezalel Smotrich speaks at a news conference at the Finance Ministry in Jerusalem, last week.

Iran's military budget is growing: What does that mean for the Middle East? - analysis

Iran wants to increase the accuracy of its range and the overall number of its ballistic missiles.

Iranian armed forces members march during a ceremony of the National Army Day parade in Tehran, Iran April 18, 2022

Israel's 2025 budget delays a red flag to investors and Israelis - analysis

Israel's economic professionals have stressed it, Ratings agencies have said it - Israel needs a responsible budget for 2025, and it needs to show it can pass one now.

Finance Minister Bezalel Smotrich, Fitch Rating logo seen in background.

Moody's downgrade due to Israel's clueless leadership, gov't mistrust - expert

Israel's long-term future could continue to deteriorate if the government does not "understand the gravity of the moment."

Bezalel Smotrich is seen pointing down in an illustrative featuring credit agency Moody's.

Uncertainty on when US aid will reach Israel may lead to further 2024 budget adjustments

Because the ministry does not currently know how much American aid will arrive and when, they decided not to account for this in the current expansion of the 2024 budget.

 Finance Minister Bezalel Smotrich attends a Finance committee meeting at the Knesset, on June 10, 2024

Economist warns: Israel's war costs could reach 10% of GDP, raising urgent challenges

"It is not unlike a second war of independence. And unlike the Yom Kippur War of 1973, which lasted three weeks, its end is not in sight.”

Economy Minister Nir Barkat and Finance Minister Bezalel Smotrich speak in the Knesset plenum on February 21, 2024