Knesset Finance Committee approves NIS 2.5 billion in 2025 state budget transfers
Ariela Karmel is a political correspondent at The Times of Israel. She previously reported for Calcalist and Haaretz. She holds an MA in Middle Eastern and African History from Tel Aviv University and a BA in Political Science from the University of British Columbia.
The Knesset Finance Committee approves budget transfers totaling approximately NIS 2.5 billion NIS ($773 million), with the largest allocation — around NIS 2.45 billion — earmarked for National Insurance Institute operations, following an agreement reached between the Institute and the Finance Ministry over the release of funding.
The transfers are part of the 2025 state budget.
The committee also approves NIS 101 million ($31 million) for the Finance Ministry, and NIS 44 million NIS ($13.6 million) for the Tax Authority, including to enhance computer operations.
About NIS 17 million ($5.25 million) will be transferred to the Justice Ministry for the Enforcement and Collection Authority amid rising crime rates, particularly among Bedouin and Arab communities. About NIS 12 million ($3.7 million) of these funds will be reallocated from the Prime Minister’s Office.
Other transfers include NIS 7 million ($2.1 million) from the general reserve to the Communications Ministry for cellular network energy initiatives and NIS 12.5 million ($3.8 million) from local authorities to the Interior Ministry for “local government election activities” in accordance with the Party Financing Law, according to a statement from the Knesset Spokesperson’s Office.
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