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Live UpdateFrom the Liveblog of Tuesday, May 16, 2023
Committee passes 2023-24 budget, sends it to Knesset for vote
Head of the Finance Committee MK Moshe Gafni votes during a meeting at the Knesset in Jerusalem, on May 16, 2023. (Yonatan Sindel/Flash90)
The Knesset Finance Committee approves the two-year budget for 2023 and 2024 after a stormy debate that lasted nearly 15 hours.
The budget will now go to the Knesset next week for a series of readings along with the accompanying Economic Arrangements Bill.
The plan calls for a budget of NIS 484 ($132) billion for 2023, rising to NIS 514 ($140) billion in 2024.
The Arrangements Bill, which determines how funds will be disbursed, currently includes the controversial Arnona Fund, which has sparked a strike and threats of a High Court challenge from many municipalities.
