Comptroller: State’s income from gas drilling far below expectations

On another subject, the comptroller says that despite authorities’ predictions that taxes from gas drilling off Israel’s coast would amount to some NIS 12.5 billion ($3.8 billion) by the end of 2022, the country is way off target.

So far, he says, income has amounted to NIS 741 million ($230 million), or some 6% of the expected sum.

Matanyahu Englman finds that the government’s efforts to collect taxes from gas drillers are slow and insufficient. He says the Energy Ministry has failed to follow world trends on taxation.

Never miss breaking news on Israel
Get notifications to stay updated
You're subscribed