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 727 billion budget expansion passes in Knesset as Israel-Hamas War continues

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

Inside the Knesset building.

Goldknopf – UTJ will not support 2025 budget without haredi IDF draft bill

The legal blanket haredi exemption from IDF service ended in July 2023 after being ruled unequal and therefore unconstitutional.

 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.

Knesset approves first reading of 2024 budget expansion bill

According to Finance Minister Bezalel Smotrich, the change will not increase the state's budget deficit at year's end, since it will be offset by higher-than-expected national income from taxes.

 The Knesset plenum on July 24. All opposition MKs boycotted the vote for the ‘reasonableness’ bill, while all coalition MKs supported it, resulting in a 64-0 vote.

MK Mickey Levy slams Smotrich and Englman over budget delay and war report

MK Mickey Levy condemns Finance Minister Smotrich for missing the budget deadline and State Comptroller Englman for delaying the war report, urging immediate action and accountability.

 Knesset Speaker Mickey Levy.

2025 budget to include freeze of annual social security benefit increase, Smotrich says

Smotrich presented what he deemed the "central principles and budget framework," and did not lay out expected budgets in specific ministries.

Finance Minister and Head of the Religious Zionist Party Bezalel Smotrich leads a faction meeting at the Knesset, the Israeli parliament in Jerusalem, July 22, 2024.

Smotrich calls on budget dep. head to resign, accuses him of failing to comply with his policies

Smotrich's response to Gardos reflects the existing tension between the finance minister and one of the most important economic figures in the country.

 Minister of Finance and Head of the Religious Zionist Party Bezalel Smotrich at a conference of the Israeli newspaper "Makor Rishon", in Jerusalem, June 30, 2024.

Netanyahu and Smotrich discuss 2025 budget amid critique of delays

The two discussed the budget's framework and different alternatives for its structure, with the goal of supporting the war efforts

 Bezalel Smotrich

Finance Ministry reports savings on national budget if the haredi community enlists

Head of Budget Department at Finance Ministry, Yogev Gardos, advocated for broad conscription in Israel, proposing benefits and savings, prompting debate and committee action.

 A haredi man reads a newspaper in Jerusalem’s Mea She’arim neighborhood.

Israeli leaders kick off 2025 budget talks as war costs push up 2024 deficit

Netanyahu and economic officials discuss Israel's 2025 budget amid fiscal challenges from ongoing conflict, aiming for parliamentary approval by year-end amidst rising deficit concerns.

 Israeli Prime Minister Benjamin Netanyahu pauses during a press conference amid the ongoing conflict in Gaza between Israel and Hamas, in Tel Aviv, Israel, July 13, 2024.

Gov't to approve 1.03% cut-off in ministries' budget for aid to Gaza border communities - report

The benefits for the evacuees will be financed by a sweeping 1% budget cut.

Electra Afikim's lineup of electric buses; Israel's first wireless charging electric bus depot.