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ISRAEL AT WAR - DAY 585

deficit

Foreign Minister Gideon Sa'ar (R) is seen in the Knesset in Jerusalem, December 23, 2024. (Chaim Goldberg/Flash90)
December 24, 2024, 12:27 pm
Knesset approves 2024 budget expansion to pay for wartime costs
Debt ceiling raised in party-line vote, from 6.6% to 7.7% of GNP, unlocking NIS 33 billion ($9b) for defense spending; Knesset also extends state of emergency another year
By ToI Staff
Jerusalem's Mahane Yehuda market stands largely empty, on August 4, 2024. (Chaim Goldberg/Flash90)
August 26, 2024, 2:21 pm
Israel’s economy in grave danger as Gaza war drags on, economists warn
Experts say economy cannot survive much longer as fighting with Hamas has stalled tourism, forced small businesses to shut, slowed down shipping and raised deficit
By Agencies
Finance Minister Avigdor Liberman speaks during a Yisrael Beytenu faction meeting at the Knesset on June 6, 2022. (Yonatan Sindel/Flash90)
June 13, 2022, 4:25 pm
Deficit drops to nearly zero for the first time in 14 years
Finance Ministry says deficit for the last 12 months is 0.4% due to increased revenue and reduced spending as pandemic recovery continues
By Luke Tress
A view of the Leviathan natural gas processing rig from Dor Habonim Beach Nature Reserve, on January 1, 2020. (Flash90)
July 1, 2020, 12:22 pm
Gas company reports high prices, huge debt; public still waiting for wealth fund
In first quarter report, Delek Drilling discloses $444.4 million in assets, $84.3 million in profits, a $2 billion deficit, $3.4 billion of loans to repay over next 18 months
By Sue Surkes
Finance Minister Moshe Kahlon in the Knesset,, June 12, 2019. (Yonatan Sindel/Flash90)
June 13, 2019, 6:40 pm
Finance Ministry proposes budget cuts to counter burgeoning deficit
Finance minister to also raise some taxes, despite looming national elections; cuts come on top of billion shekel reduction to defense, education budgets
By ToI Staff
May 2, 2013, 6:39 pm
Opposition lauds Lapid for scaling back on budget cuts
Labor leader calls for incentives, not austerity measures, while Meretz head blames PM’s tax cuts for looming reductions in social services
By Michal Shmulovich and Joshua Davidovich
Yair Lapid (photo credit: Miriam Alster/Flash90)
May 2, 2013, 3:12 am
Lapid plans to halve proposed budget cuts, raise deficit
Move would put NIS 6.5 billion back into coffers, but give country record deficit ceiling of 4.9 percent
By Joshua Davidovich
Finance Minister Yair Lapid (photo credit: Yonatan Sindel/Flash90)
April 11, 2013, 5:55 pm
Netanyahu said to reject some Lapid austerity measures
Finance minister presents PM with budget outline, which includes tax hikes and cuts to ministries
By Adiv Sterman and ToI Staff
View of Eilat (photo credit: Moshe Shai/Flash90)
April 11, 2013, 1:52 pm
Eilat mayor threatens to seal off city over VAT plan
Finance Ministry wants to introduce sales tax at Red Sea vacation spot
By Gavriel Fiske
Children playing in Jerusalem. The new budget will reportedly contain heavy cuts to child allowances. (photo credit: Nati Shohat/Flash90)
April 11, 2013, 6:10 am
Defense spending, child allowances to be slashed in new budget
Finance minister to present plan to Netanyahu Thursday, including tax hikes for wealthy and corporations and increase in sales tax
By ToI Staff
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