The Times of Israel https://www.timesofisrael.com/topic/budget-deficit/ News from Israel, the Middle East and the Jewish World Tue, 09 Jun 2026 11:18:23 +0000 en-US hourly 1 https://static-cdn.toi-media.com/www/uploads/2018/11/toi_icon_512-200x200.png budget deficit | The Times of Israel https://www.timesofisrael.com/topic/budget-deficit/ 32 32 Knesset advances 5.1% deficit and spending hike amid Iran war https://www.timesofisrael.com/knesset-passes-5-1-deficit-and-spending-hike-amid-iran-war-in-first-of-3-votes/ Tue, 17 Mar 2026 09:56:19 +0000 https://www.timesofisrael.com/?p=3779942 Bill seeks to raise deficit from 3.9%, increase spending cap by $10.2 billion, and add $2.2 billion war reserve as conflict with Iran, Hezbollah escalates

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]]> OECD sees Israel economy rebound following Gaza ceasefire, but warns of risks https://www.timesofisrael.com/oecd-sees-israel-economy-rebound-following-gaza-ceasefire-but-warns-of-risks/ Tue, 02 Dec 2025 16:26:41 +0000 https://www.timesofisrael.com/?p=3702884 After ballooning war spending on defense and civilian needs, growth will be driven by exports and private demand, the organization says; raises concern about fiscal and tax policy

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]]> High defense spending set to threaten fiscal stability and welfare services – report https://www.timesofisrael.com/high-defense-spending-set-to-threaten-fiscal-stability-and-welfare-services-report/ Wed, 09 Jul 2025 07:03:42 +0000 https://www.timesofisrael.com/?p=3593704 Taub Center paints worrying picture of healthcare system and welfare spending gaps, with funding for security needs soaring

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]]> War costs put Israel’s public services at risk of collapse, says former central bank head https://www.timesofisrael.com/war-costs-put-israels-public-services-at-risk-of-collapse-says-former-central-bank-head/ Tue, 27 May 2025 00:59:42 +0000 https://www.timesofisrael.com/?p=3557885 Without policy shift, social welfare won't meet needs of population; quality of life and economic growth will be harmed, says Karnit Flug, ahead of this week's IDI conference

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]]> Israeli shares drop as renewed Hamas, Houthi attacks fuel fears of prolonged fighting https://www.timesofisrael.com/israeli-shares-drop-as-renewed-hamas-houthi-attacks-fuel-fears-of-prolonged-fighting/ Thu, 20 Mar 2025 19:40:03 +0000 https://www.timesofisrael.com/?p=3507253 Major indices slide as investors weigh threat of return to intense fighting and the effect of a prolonged war on the country's finances and economy

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]]> From Waze to Wiz: How Google learned to love Israeli tech https://www.timesofisrael.com/from-waze-to-wiz-how-google-learned-to-love-israeli-tech/ Thu, 20 Mar 2025 09:32:15 +0000 https://www.timesofisrael.com/?p=3506554 The biggest buyout in the country's history will make the unpretentious Wiz founders multibillionaires, while an estimated $4 billion in taxes is set to flow into national coffers

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]]> Moody’s: Durable Hamas ceasefire would fend off further Israel credit rating downgrades https://www.timesofisrael.com/moodys-durable-hamas-ceasefire-would-fend-off-further-israel-credit-rating-downgrades/ Tue, 21 Jan 2025 11:14:54 +0000 https://www.timesofisrael.com/?p=3464513 Credit rating agency cites 'domestic political challenges and security concerns' as obstacles to a permanent ceasefire with Hamas in Gaza

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]]> Bank of Israel calls for 2025 budget passage without changes to gain markets’ trust https://www.timesofisrael.com/bank-of-israel-calls-for-2025-budget-passage-without-changes-to-gain-markets-trust/ Mon, 20 Jan 2025 20:52:03 +0000 https://www.timesofisrael.com/?p=3463876 But Finance Ministry says amendments may be needed in light of recommendations by the Nagel committee that examined defense expenditure in coming years

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]]> OECD cuts Israel growth forecast as costs of war expected to continue to mount https://www.timesofisrael.com/oecd-cuts-israel-growth-forecast-as-costs-of-war-are-expected-to-continue-to-mount/ Wed, 04 Dec 2024 21:59:17 +0000 https://www.timesofisrael.com/?p=3432884 The Paris-based organization says risks remain high and urges the government to take fiscal action to bring the deficit down

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]]> Higher defense spending in coming years will take toll on citizens, Treasury warns https://www.timesofisrael.com/higher-defense-spending-in-coming-years-will-take-toll-on-citizens-treasury-warns/ Mon, 11 Nov 2024 17:11:56 +0000 https://www.timesofisrael.com/?p=3417202 NIS 10 billion more spent annually on defense would cost the average household NIS 4,000 due to higher taxes and reduced public services, says Finance Ministry chief economist

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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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]]> Treasury proposes to cut benefits, hike taxes for lowest earners to fund war https://www.timesofisrael.com/treasury-proposes-tax-hikes-for-lowest-earners-fee-hikes-for-unemployed-to-fund-war/ Tue, 15 Oct 2024 01:49:51 +0000 https://www.timesofisrael.com/?p=3397408 Arrangements Law also includes measures taxing advanced study fund and pension contributions; the 'government is going to hit you in the savings,' warns Liberman

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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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]]> Central bank cuts growth prospects, holds rates as war expected to last into 2025 https://www.timesofisrael.com/central-bank-cuts-growth-prospects-holds-rates-as-war-expected-to-last-into-2025/ Wed, 09 Oct 2024 17:13:06 +0000 https://www.timesofisrael.com/?p=3394145 Bank of Israel Governor Amir Yaron urges the government to act on passing the 2025 budget with responsible austerity measures and policies to uphold the 'economy’s robustness'

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]]> A year of war saps Israel’s borrowing strength, while costs balloon https://www.timesofisrael.com/a-year-of-war-saps-israels-borrowing-strength-while-costs-balloon/ Mon, 07 Oct 2024 15:06:19 +0000 https://www.timesofisrael.com/?p=3391859 Foreign investors reduce holdings of local bonds, some raise concerns over Israeli assets, as the country grapples with rising cost of borrowing to finance high war spending

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