The Times of Israel https://www.timesofisrael.com/topic/budget-deficit-target/ News from Israel, the Middle East and the Jewish World Thu, 11 Jun 2026 06:14:39 +0000 en-US hourly 1 https://static-cdn.toi-media.com/www/uploads/2018/11/toi_icon_512-200x200.png budget deficit target | The Times of Israel https://www.timesofisrael.com/topic/budget-deficit-target/ 32 32 Unveiling 2026 budget, Smotrich fumes at excessive defense spending, mulls tax cuts https://www.timesofisrael.com/unveiling-2026-budget-smotrich-fumes-at-excessive-defense-spending-mulls-tax-cuts/ Tue, 04 Nov 2025 17:34:11 +0000 https://www.timesofisrael.com/?p=3681162 Finance Ministry officials criticize the Defense Ministry for inefficient spending practices at the expense of welfare and education; Smotrich seeks to impose a new tax on banks

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]]> Israel’s 2025 war budget squeezes disposable income of working-class households https://www.timesofisrael.com/israels-2025-war-budget-squeezes-disposable-income-of-working-class-households/ Sun, 03 Nov 2024 21:29:33 +0000 https://www.timesofisrael.com/?p=3411092 Government drops plans to freeze welfare benefits and tax 'advanced study' funds, instead wants to raise National Insurance payments while barely cutting coalition funds

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]]> Fiscal deficit climbs to 8.5% as state continues to shell out for war effort https://www.timesofisrael.com/fiscal-deficit-climbs-to-8-5-as-state-continues-to-shell-out-for-war-effort/ Thu, 10 Oct 2024 15:14:12 +0000 https://www.timesofisrael.com/?p=3394953 Deficit climbs for sixth month above 2024 government budget ceiling of 6.6%, as spending on the war with Hamas and intense fighting with Hezbollah tops NIS 103 billion

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]]> Treasury is said to propose new taxes to bolster state coffers and finance war https://www.timesofisrael.com/treasury-is-said-to-propose-new-taxes-to-bolster-state-coffers-and-finance-war/ Tue, 24 Sep 2024 14:40:37 +0000 https://www.timesofisrael.com/?p=3382643 Among the draft proposals for 2025 is freezing tax credits, taxing advanced study funds, reducing tax benefits on pension deposits, and increasing the tax on electric vehicles

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]]> Israel faces a looming financial crisis if it fails to act, former chief economist warns https://www.timesofisrael.com/israel-faces-a-looming-financial-crisis-if-it-fails-to-act-former-chief-economist-warns/ Sun, 08 Sep 2024 18:01:56 +0000 https://www.timesofisrael.com/?p=3371328 Yoel Naveh sees high probability that Israel will be plunged into recession, endangering national security, in next three to five years if it fails to pass responsible 2025 budget

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]]> Smotrich presents 2025 budget plan, saying war is costing economy as much as NIS 250b https://www.timesofisrael.com/smotrich-presents-2025-budget-plan-saying-war-is-costing-economy-as-much-as-nis-250b/ Tue, 03 Sep 2024 14:42:49 +0000 https://www.timesofisrael.com/?p=3367781 Meeting the deficit target of 4% set for 2025 will require measures including freezing public sector pay, but no tax hikes, finance minister says

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]]> Facing backlash, gov’t okays NIS 3.4 billion in new spending for evacuees, reservists https://www.timesofisrael.com/facing-backlash-govt-okays-nis-3-4-billion-in-new-spending-for-evacuees-reservists/ Mon, 26 Aug 2024 21:56:37 +0000 https://www.timesofisrael.com/?p=3361560 Smotrich insists proposed budget expansion won't push deficit past the 6.6% of GDP target set for the year, after it widened last month to 8.1% due to war-related outlays

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]]> Netanyahu, Smotrich say they’ve agreed to pass 2025 state budget by year’s end https://www.timesofisrael.com/netanyahu-smotrich-say-theyve-agreed-to-pass-2025-state-budget-by-years-end/ Mon, 19 Aug 2024 01:40:19 +0000 https://www.timesofisrael.com/?p=3356974&preview=true&preview_id=3356974 The two make the announcement after meeting without top Treasury officials who oversee the matter

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]]> As politicians dither, Treasury prepping alone for NIS 25 billion cut to 2025 budget https://www.timesofisrael.com/as-politicians-dither-treasury-prepping-alone-for-nis-25-billion-cut-to-2025-budget/ Tue, 13 Aug 2024 07:53:41 +0000 https://www.timesofisrael.com/?p=3352968 Amid expectations for a delay in governmental approval of next year's fiscal plan, Finance Ministry officials working on tax hikes and spending cuts to avert more rating downgrades

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]]> Fiscal deficit widens to 8.1% as state continues to shell out billions on war effort https://www.timesofisrael.com/fiscal-deficit-widens-to-8-1-as-state-continues-to-shell-out-billions-on-war-effort/ Thu, 08 Aug 2024 16:07:54 +0000 https://www.timesofisrael.com/?p=3350445 Deficit climbs for fourth month above 2024 government budget ceiling of 6.6%, as spending on the war with Hamas reaches almost NIS 90 billion

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]]> Top tech investor: ‘If Israel becomes less good to live in, people will leave’ https://www.timesofisrael.com/top-tech-investor-if-israel-becomes-less-good-to-live-in-people-will-leave/ Wed, 10 Jul 2024 16:37:44 +0000 https://www.timesofisrael.com/?p=3328877 Shlomo Dovrat warns weakness of state institutions and lack of sense of security threaten Israel's tech standing in the global arena and its prospects for economic growth

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]]> Fiscal deficit swells to 1% as tax income drops and government expenditure grows https://www.timesofisrael.com/fiscal-deficit-swells-to-1-as-tax-income-drops-and-government-expenditure-grows/ Tue, 08 Aug 2023 19:07:56 +0000 https://www.timesofisrael.com/?p=3067783 Figures show government spending has increased 6.8% since the start of the year, while state income from taxes fell 4.3% year-on-year, led by sharp drop in real estate taxation

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]]> Israel’s fiscal deficit widens to 0.9% in June; property tax income at 2-year-low https://www.timesofisrael.com/israels-fiscal-deficit-widens-to-0-9-in-june-property-tax-income-at-2-year-low/ Sun, 09 Jul 2023 15:13:15 +0000 https://www.timesofisrael.com/?p=3048610 Figures show government revenue from real estate taxation slumped 56%; government expenditure jumps 6.9%

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]]> Finance Ministry cuts economic growth forecasts as tax revenue and investments cool https://www.timesofisrael.com/finance-ministry-cuts-economic-growth-forecasts-as-tax-revenue-and-investments-cool/ Tue, 16 May 2023 16:24:54 +0000 https://www.timesofisrael.com/?p=3016774 Treasury revises 2023 growth forecast down to 2.7% from 3% as economic slowdown will lower tax revenue this year by NIS 5.3b; sees judicial uncertainty affecting foreign investment

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]]> Israel likely to miss 2023 deficit target as tax revenue drops amid judicial jitters https://www.timesofisrael.com/israel-bound-to-miss-2023-deficit-target-as-tax-revenue-drops-amid-judicial-jitters/ Mon, 24 Apr 2023 18:33:11 +0000 https://www.timesofisrael.com/?p=3002110 Bank Hapoalim and Meitav investment house project budget deficit to reach 3% of GDP; Treasury has set deficits of about 1% in 2023 and 0.8% in 2024

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