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From the Liveblog of
Sunday, January 7, 2024
Smotrich says cabinet to vote on 2024 wartime budget this week
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Finance Minister Bezalel Smotrich holds a press conference in Jerusalem, December 26, 2023. (Chaim Goldberg/FLASH90)
Finance Minister Bezalel Smotrich says that the cabinet is set to approve a 2024 wartime budget later this week, after ministers approved NIS 9 billion ($2.5 billion) in financial support for IDF reservists.
“The State of Israel puts the reservists and their families at the center and this is the anchor of the budget for 2024 that we will deliver this weekend,” Smotrich says in a joint statement with Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant.
Israel last year approved a two-year budget for 2023 and 2024, but the ongoing war against Hamas has shaken government finances, requiring budget updates and additional spending.
Times of Israel staff contributed to this report.
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