Join our Community
Support ToI and remove all ads
Learn more

ISRAEL AT WAR - DAY 467

Israel 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
Finance Minister Bezalel Smotrich attends a Knesset Finance Committee meeting in Jerusalem, on June 10, 2024. (Chaim Goldberg/Flash90)
June 21, 2024, 12:02 pm
Treasury said to urge Smotrich to make cuts, hike taxes to raise NIS 30-50 billion
In marathon meetings, officials tell finance minister measures must be taken to curb ballooning deficit spending amid war, send positive message to credit agencies
By ToI Staff
The Tel Aviv Stock Exchange, December 25, 2018. (Adam Shuldman/Flash90)
April 30, 2024, 5:48 pm
Israeli shares rise and shekel gains as investors watch truce, hostage deal efforts
Analysts expect further strengthening of the shekel amid talks for a lengthy ceasefire in the Gaza Strip that would also help calm tensions along the northern border with Lebanon
By Sharon Wrobel
Illustrative: The Tel Aviv Stock Exchange. November 29, 2020. (Miriam Alster/ FLASH90/ File)
March 12, 2024, 12:24 pm
Market optimism: Despite war uncertainty, Israeli stocks and shekel attract investors
Even as Gaza conflict continues into its 6th month, investors flock to buy local assets seen as cheap relative to those in global markets amid hopes for postwar recovery
By Sharon Wrobel
Finance Minister Bezalel Smotrich leads a Knesset faction meeting of his far-right Religious Zionism party, July 10, 2023. (Chaim Goldberg/Flash90)
August 8, 2023, 10:07 pm
Fiscal deficit swells to 1% as tax income drops and government expenditure grows
Figures show government spending has increased 6.8% since the start of the year, while state income from taxes fell 4.3% year-on-year, led by sharp drop in real estate taxation
By Sharon Wrobel
Finance Minister Bezalel Smotrich presents economic and budget plans for 2023-2024, February 28, 2023. (Courtesy)
May 8, 2023, 7:37 pm
Israel’s fiscal deficit widens to 0.3% of GDP in April; tax income continues to drop
Figures show government revenue from real estate taxation slumped 49%; Smotrich says collection goals in first four months of the year have been met
By Sharon Wrobel
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
The Bank of Israel in Jerusalem (Photo credit: Wikimedia Commons, Ester Inbar)
From the WebFebruary 4, 2015, 9:59 am
Israel needs $3.6 bln more in taxes for defense costs -central bank
Reuters: War and deficit spending has worn down the the state budget – and new funds are needed to ensure fiscal stability
File: Jewish Home MK Nissan Slomiansky. (photo credit: Yonatan Sindel/Flash90)
From the WebJune 19, 2014, 5:58 pm
Israel budget kingpin opposes Flug, Lapid deficit plans
Bloomberg: Cut outlays, don’t raise the spending limit, says Knesset Finance Committee Chairman Nissan Slomiansky
Nachman Shai (photo credit: Flash90)
May 16, 2013, 9:26 am
Labor MK demands official inquiry into deficit
Nachman Shai, slamming budget proposal, says funds can be found in settlements and at wasteful companies with inflated salaries
By Aaron Kalman
Finance Minister Yair Lapid (photo credit: Yonatan Sindel/Flash90)
April 10, 2013, 7:40 pm
Ministers preemptively pummel Lapid’s budget cuts
Slashes loom as new finance minister mulls measures to bring Israel’s swelling deficit under control
By ToI Staff
Load More
Sign in or Register
Please use the following structure: example@domain.com
Or Continue with
By registering you agree to the terms and conditions
Register to continue
Or Continue with
Log in to continue
Sign in or Register
I forgot my password / Send me a sign in link
Or Continue with
check your email
Check your email
We sent an email to you at .
It has a link that will sign you in.
Never miss breaking news on Israel
Get notifications to stay updated
You're subscribed
image
Register for free
and continue reading
Registering also lets you comment on articles and helps us improve your experience. It takes just a few seconds.
Already registered? Enter your email to sign in.
Please use the following structure: example@domain.com
Or Continue with
By registering you agree to the terms and conditions. Once registered, you’ll receive our Daily Edition email for free.
Register to continue
Or Continue with
Log in to continue
Sign in or Register
I forgot my password / Send me a sign in link
Or Continue with
check your email
Check your email
We sent an email to you at .
It has a link that will sign you in.