Live Update arrow right icon From the Liveblog of Friday, November 1, 2024

Cabinet approves 2025 state budget

1 November 2024, 1:29 pm 4 Edit
Prime Minister Benjamin Netanyahu (center), Finance Minister Bezalel Smotrich (left) and Cabinet Secretary Yossi Fuchs at a cabinet meeting in Jerusalem, November 1, 2024. (Amos Ben Gershom/GPO)
Prime Minister Benjamin Netanyahu (center), Finance Minister Bezalel Smotrich (left) and Cabinet Secretary Yossi Fuchs at a cabinet meeting in Jerusalem, November 1, 2024. (Amos Ben Gershom/GPO)

Cabinet ministers vote to approve the 2025 state budget, sending it to the Knesset to complete the legislative process.

The government has until the end of March to get it through the Knesset. It includes a massive increase to the Defense Ministry’s budget, which will clock in at NIS 102 billion ($27.2 billion) — although it could potentially rise to up to NIS 150 billion ($40.1 billion) pending talks between the Defense Ministry and Finance Ministry officials, Calcalist reported yesterday.

Most Popular
If you’d like to comment, join
The Times of Israel Community.
JOIN THE TOI COMMUNITY
Join The Times of Israel Community
Commenting is available for paying members of The Times of Israel Community only. Please join our Community to comment and enjoy other Community benefits.
Please use the following structure: example@domain.com
Confirm Mail
Thank you! Now check your email
You are now a member of The Times of Israel Community! We sent you an email with a login link to . Once you're set up, you can start enjoying Community benefits and commenting.