Finance Ministry

End of sanctions

Teachers' union announces agreement with Finance Ministry

The agreement includes compensation for strike days, bonuses, and a raise in salary.

Finance Minister to propose: Close five government ministries

Finance Minister Bezalel Smotrich to propose that each coalition party choose one ministry to close, aiming to reduce both government spending and public criticism, report says.

Finance Min. planning to cut striking teachers' summer salaries

Teachers' Union calls on Prime Minister Benjamin Netanyahu to intervene, Finance Ministry looks to ensure summer pay for strikers will be affected.

Donations, Trading, and Pay Cuts:

How Israel is financing a tenth month of war

After 300 days of war and with no immediate end in sight, IDF officers are finding it difficult to keep their units fully staffed and equipped.

Smotrich:

Fake news from the Ministry of Defense

In the last 24 hours, the Ministry of Defense has been issuing publications against the Minister of Finance, claiming that he is stopping the purchase of new ammunition for the IDF.

Yeshiva students' children to lose daycare subsidies?

Finance Ministry proposes list of economic sanctions worth hundreds of millions of shekels, in effort to force haredi yeshiva students to enlist in the IDF.

Calls for boycotts

Amnesty Israel summonsed to defend tax benefits

The Israeli branch of Amnesty International was summonsed to a hearing by the Finance Ministry before its tax benefits are revoked for echoing its parent organization's calls to boycott Israel.

Sderot Mayor:

Netanyahu must talk with the citizens directly

Mayor Alon Davidi says that the Prime Minister must personally guarantee that it is safe for citizens to return home.

Finance Ministry official:

Residents of Gaza region must prepare to return home

A senior official in the Finance Ministry warns that the costs of keeping evacuees out of their homes is growing too great for the Israeli economy.

Finance Ministry proposes: Close 10 government offices

Finance Ministry compiles list of suggestions to save public funds - including closing government offices.

Finance Ministry pushes for slew of new taxes, Smotrich refuses

Ministry officials asked for cutting tax credits per child or for finishing degrees and called for taxes on income, apartments, and Netflix.

Haredi MK slams Budgets Department: Salaries must be paid

'Projects will need to be put on hold, but salaries must be taken care of,' MK Pindrus insists.

Mayors demand more funding for community activities

Dozens of mayors have demanded that the Finance Ministry release more funding for community activities to help cope with the war.

Independent workers demand economic support during war

Oren Buta, head of the Independent Workers Movement, says the government must extend more comprehensive support to independents.

State-backed loans to be offered to keep businesses afloat

The Finance Ministry will offer a variety of loans to businesses affected by the war to mitigate the economic damage to Israel.

Due to support of Hamas:

Finance Minister Smotrich calls to stop funding PA

Finance Minister Smotrich instructed to halt transferring funds that are collected for the PA until the cabinet decides on the matter.

Smotrich: 'We will give all the monetary backing needed to win'

Finance Minister Bezalel Smotrich says he is personally ensuring that everyone impacted by the war will receive compensation.

Finance Minister denies additional funds were sent to PA

Sources close to Smotrich deny reports of hundreds of millions of shekels moving to the Palestinian Authority.

Increase in the number of haredim in the workforce

Ministry of Finance data shows increase in number of working haredi community members since 2019, partly unrelated to population growth.

Teachers' Union continues sanctions against government

The union claims the government has rapidly reneged on the arrangement that allowed the school year to start on time.

PA electric bill:

Finance Ministry to collect millions from Palestinian Authority

New plan allows Israel to deduct 20-30 million NIS each month from money passed to Palestinian Authority, for repayment of electricity debt.

Teachers' strike looms as school year approaches

Both teachers and government officials say they have not yet reached a compromise that will prevent a strike.

Smotrich rolls out new oversight plan

The Finance Ministry will work with a series of other authorities to prevent government money from going to organized crime.

Finance Min. aiming to cut millions from Judea & Samaria budget

Finance Ministry aiming to cut budgets transferred by former Min. Ayelet Shaked.

Cost of public transportation won't rise - at least until 2024

Planned 12% price hike for public transportation will be delayed at least until late 2024, report says.

Finance

Shedding Light On The Intersection Of Crypto

Cryptocurrency and forex trading are two of the most popular forms of trading in the financial markets.

Tax on soft drinks scrapped:

Finance Minister Bezalel Smotrich abolishes tax

Stores have committed to reducing prices within three days, Smotrich says.

Finance Ministry establishes special team to face SVB collapse

Finance Minister Bezalel Smotrich has ordered a special team of experts to evaluate the impact of the SVB collapse on the Israeli economy.

Cabinet to discuss state budget

A day before the deadline for the cabinet to approve the budget, Finance Minister has a multi-front war to fight.

For the first time:

Smotrich doubles offset of PA terror funding

Twice the amount the PA pays terrorists to be deducted from PA tax revenues. Smotrich: "We will no longer be party to this farce."

Report:

Deri walks out of meeting with Netanyahu and Smotrich

Shas chairman seeks to bypass the budget department when it comes to his ministries. Smotrich objects.

Poll:

Public thinks Deri, Smotrich not suitable for Finance, Defense

Israeli public not thrilled with Shas chairman as Finance Minister and Religious Zionism chairman as Defense Minister.

Former Labor chairwoman:

'Amen that Deri will be Minister of Finance'

Shelly Yechimovich is certain that Deri would be many times better than Liberman and Smotrich in the Ministry of Finance.

Coalition negotiations:

Deri opts for Finance; Likud wants Defense for itself

Religious Zionism: Smotrich will be next Defense Minister

Smotrich willing to give up Finance Ministry

Religious Zionist Party chairman told Shas chairman he would give up the Finance Ministry for him and demand the Defense Ministry.

Liberman:

'Smotrich will ignore Netanyahu once he's Finance Minister'

Liberman criticizes Netanyahu for considering appointing Gafni as chairman of Finance Committee and Smotrich as Finance Minister.

Efforts to prevent a strike:

Talks between teachers and Finance Ministry continue

Talks between the Teachers’ Union and the Ministry of Finance continued through the night, but an agreement has not yet been reached.

Education Min.: 'There's money for an agreement with teachers'

Parents' representative slams Education Min.: 'She needs to tell teachers' unions to be flexible.'

Teachers union may declare strike in high schools

Teachers union expected to announce strike after Finance Ministry refuses to agree to demands.

Veteran teachers earn almost 3x as much as younger colleagues

Treasury official who compiled report: Wage differentials are too high.

Teacher's strike in Jerusalem tomorrow

Classes will start late as teachers protest low wages from Finance Ministry.

Geriatric hospitals 'on brink of collapse' due to Omicron wave

Government COVID grants from 2020-1 have been stopped by the Finance Ministry, even though the crisis is far from over.

Govt to food companies: Don't raise prices

With a stronger shekel and lower inflation, companies are making money without passing on savings to consumers.

Finance Ministry: 'We won't abandon any citizen in Israel'

'We finished the year 2021 with growth,' says Minister in the Finance Ministry Hamad Amar.

Finance Ministry refuses to compensate airline companies

Foreign arrivals barred from country for two weeks; government says: "These are normal business risks."

Who did the Finance Ministry consult before taxing disposables?

'What we're hearing here is simply insane,' Shas MK Azoulay says at Finance Committee meeting.

Eli Avidar won't be on Yisrael Beytenu list

Minister without portfolio who refused position in Finance Ministry to be booted from party.

Biden banking pick denies GOP charges of being a communist

Saule Omarova also criticized by Republicans for advocating “radically reshaping the basic architecture and dynamics of modern finance.”

Hospital directors: Gov't reneged on funding, no new admissions

Finance Ministry signed agreement to transfer 300m shekels 6 months ago - and hasn't paid a penny.

Foreign Ministry offers afternoons off

'Spending time with the children does not harm work,' Foreign Minister Yair Lapid says.

Liberman: I will demand the Finance Ministry

Yisrael Beytenu chairman says his party will demand the Finance, Health and Internal Security Ministries in the next government.

Finance Minister: 'Health Ministry detached from the people'

Minister Katz sharply attacks Health Ministry, that opposes opening businesses, ahead of Corona cabinet discussions. 'What's this insanity?'

Ministers decide: Significant addition to health system manpower

Health and Finance Ministers agree on reinforcement of 2,000 nurses, 400 doctors, manpower, and additional procurement for health system.

Bowing to pressure, Israel cancels tax breaks for NGOs in the PA

Israel cancels tax exemptions for foreign groups operating in the Palestinian Authority. 'Unfathomable that we'd help those who harm Israel'

Finance Minister to advance benefits to PA organizations

Palestinian Arab aid organizations will receive more than 60% off fuel costs, while Israeli charities will continue to pay full price.

'A total lockdown would've resulted in 3 million unemployed'

Outgoing Director-General of Ministry of Finance acknowledges error in how the economic crisis at the start of the pandemic was handled.

The Israeli Intelligence Directorate's hypnotist

'Eighty percent of the admissions you get from hypnosis are correct,' says Colonel Shimon Simon Lavi.

No more money for the self-employed, Treasury says

Treasury says the economy is back to normal.

'One hand gives to the self-employed, the other hand takes away'

Knesset Finance Committee discusses whether to tax coronavirus-era unemployment grant for self-employed.

Finance Minister announces steps to maintain economic stability

Finance Minister introduces measures to assist in dealing with coronavirus fallout.