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ISRAEL AT WAR - DAY 588

Finance Ministry

View of the Israeli Leviathan natural gas field gas processing rig as seen from Dor Habonim Beach Nature Reserve, on January 1, 2020. (Flash90/File)
Risk of natural gas shortage will push up electricity prices, budget chief warns
By Sharon Wrobel
Israel’s natural gas reserves for domestic use set to fall short of energy demand in next 25 years, Treasury says, urging reduced exports, greater quantities saved for home market
Teachers protest as they demand better pay and working conditions at Habima Square in Tel Aviv on May 14, 2025. (Avshalom Sassoni/Flash90)
May 14, 2025, 10:41 pm
Hundreds of teachers protest for fair pay, better conditions in Tel Aviv
Demonstration comes after weeks of disputes over salary cuts, strike action; secondary school teachers union chair Ran Erez warns: ‘Without education, this country has no future’
By ToI Staff
View of the Israeli Leviathan natural gas field gas processing rig as seen from Dor Habonim Beach Nature Reserve, on January 1, 2020. (Flash90/File)
May 8, 2025, 9:14 pm
Risk of natural gas shortage will push up electricity prices, budget chief warns
Israel’s natural gas reserves for domestic use set to fall short of energy demand in next 25 years, Treasury says, urging reduced exports, greater quantities saved for home market
By Sharon Wrobel
View of an empty classroom at a school in Givatayim, during a teachers' strike, on May 6, 2025. (Miriam Alster/Flash90)
May 8, 2025, 9:58 am
Teachers reach new deal with Finance Ministry to end strike action over wage cuts
Under plan, teaching staff salaries will drop by 0.95% instead of 3.3%; implementing framework will require changes in legislation
By ToI Staff
A few students go back to school in Tel Aviv following a country wide teachers strike over a cut in their wages, May 6, 2025. (Avshalom Sassoni/Flash90)
May 7, 2025, 3:36 am
Escalating nationwide strike, teachers threaten mass resignations over salary cuts
Many schools to remain closed for a fourth straight day as educators reject deal between teachers’ union and Finance Ministry that would see pay cut reduced from 3.3% to 0.95%
By ToI Staff
View of an empty classroom at a school in Tel Aviv, during a strike, on May 4, 2025 (Yehoshua Yosef/Flash90)
May 5, 2025, 4:12 am
Teachers Union, treasury announce deal, but tens of thousands still planning to strike
Salary cut reduced from 3.3% to 0.95%; many schools expected to shut altogether Monday as some staffers decry ‘disgraceful agreement’ touted by education, finance ministers
By ToI Staff
Illustrative photo of students on the first day of school, at the Gabrieli Carmel School in Tel Aviv, on September 1, 2024. (Avshalom Sassoni/Flash90)
May 2, 2025, 2:08 pm
Teachers to strike Sunday morning in protest of surprise cuts to salaries
Hundreds of kindergarten teachers call in sick Friday in protest action after Finance Ministry cuts salaries by 3.3% amid Gaza war
By ToI Staff
An oil tanker docked at the Europe-Asia Pipeline Company's port in Eilat from May 28 to 30, 2023. (Courtesy, Zalul)
April 29, 2025, 4:36 pm
State proposes extending secrecy for state-owned oil infrastructure firms
Draft notice posted to government website without publicity, giving public until May 5 to respond to proposal for the Europe Asia Pipeline Company
By Sue Surkes
Protest demanding the immediate release of hostages held by Hamas in the Gaza Strip and against the firing of the government's top gatekeepers, in Tel Aviv, Israel, March 22, 2025. (AP/Ohad Zwigenberg)
March 26, 2025, 9:47 am
Moody’s warns Israel’s economy has been weakened by ‘very high political risks’
Credit agency cites risks to high-tech sector, ‘given its important role as a driver of economic growth and significant contributor to the government’s tax take’
By ToI Staff
The Dead Sea Works in southern Israel, December 7, 2012. (Doron Horowitz/Flash 90)
March 11, 2025, 4:00 pm
State has failed for years to properly manage Dead Sea Works — Comptroller report
Report maps failure by multiple ministries and government agencies to regulate, supervise, and charge for the mining of minerals that belong to the public
By Sue Surkes
Ultra-Orthodox men protest against the conscription of Haredim to the IDF in Jerusalem on October 31, 2024. (Menahem Kahana/AFP)
February 16, 2025, 7:06 pm
Increasing Haredi IDF enlistment requires strong sanctions, Finance Ministry tells MKs
Budget official says conscription effort will only work if those who refuse to serve feel a real pinch in their pocket; Yesh Atid MK Moshe Tur-Paz: Economic sanctions needed now
By Sam Sokol
Evacuees from Kibbutz Be'eri at a hotel in the Dead Sea, October 20, 2023. (Yossi Zamir/Flash90)
February 11, 2025, 9:50 pm
Bureaucratic failures hamstrung social services in wake of Oct. 7, report finds
Comptroller says Health Ministry failed to arrange transfer of funds to ‘resilience centers’ for trauma treatment; Treasury failings meant NIS 16 million unavailable for treatments
By Jeremy Sharon
The Bank of Israel's main offices in Jerusalem, January 2, 2023. (Yonatan Sindel/ Flash90)
January 20, 2025, 10:52 pm
Bank of Israel calls for 2025 budget passage without changes to gain markets’ trust
But Finance Ministry says amendments may be needed in light of recommendations by the Nagel committee that examined defense expenditure in coming years
By Sharon Wrobel and Reuters
Calves on a live shipment from Australia to Eilat for fattening, prior to slaughter, December 2019. (Israel Against Live Shipments)
January 12, 2025, 4:55 pm
Finance Ministry set to permanently exempt import of live calves from customs duties
Opponents say move will gift millions of shekels to Tnuva and Dabbah meat companies, which control most of the beef market, at a time when Israelis face steep price rises
By Sue Surkes
Illustrative: A person doing taxes (iStock by Getty Images)
January 2, 2025, 10:01 pm
Experts fear last-minute corporate tax law could have unintended, costly consequences
The so-called ‘trapped profits bill’ that took effect on Jan. 1 aims to curb tax avoidance amid expensive war, but some worry it’ll be hard to implement and discourage investment
By Sharon Wrobel
(L) Housing Minister Yitzchak Goldknopf attends a press conference in Tel Aviv on February 4, 2024 (Avshalom Sassoni/ Flash90) and (R) National Security Minister Itamar Ben Gvir arrives for a court hearing at the District Court in Jerusalem, November 10, 2024 (Chaim Goldberg/ Flash90)
December 30, 2024, 11:09 pm
Coalition factions threaten to vote against key budget bill over cuts, Haredi draft
Ben Gvir, Israel Police slam Finance Ministry over budget cuts. Smotrich brands fellow minister a populist endangering the ability of the government to pay for the war
By Sam Sokol
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