Maharan Frozenfar approved as chief of Treasury’s budget department

The government approves the appointment of Brig. Gen. (res.) Maharan Frozenfar as the new chief of the Treasury’s budget department.

Frozenfar, 59, who previously served as head of the budget division at the Defense Ministry and as financial adviser to the army’s chief of staff, will replace outgoing Finance Ministry budget commissioner Yogev Gradus, the ministry announces.

Following his discharge from the IDF in 2013, Frozenfar founded and managed strategic and financial consulting firm M-Faculty, and served as chairman of the advisory committee to the Finance Ministry.

In addition, the government approves the appointment of Michal Abadi-Boiangiu as the Finance Ministry’s accountant general, to replace Yali Rothenberg after his term ends in January. Abadi-Boiangiu serves as chairwoman of the Eilat Ashkelon Pipeline Company (EAPC) and previously served as accountant general between 2011 and 2017.

Both appointments were made by Finance Minister Bezalel Smotrich.

“The Israeli economy has demonstrated exceptional performance throughout the war, and at this time it is important to entrust it to responsible and experienced hands who will steer it in the coming years,” says Smotrich. “Both have strong management and teamwork skills, courage, creative thinking, and a willingness to give up a great deal in the private sector to return to the public sector and manage the most important departments in the Finance Ministry out of a huge commitment to the Israeli economy, which constitutes a significant pillar of the strength and security of Israel.”