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Budget

20 stories about Budget

Why Israel's deficit is actually $11 billion larger than reported
03.03.24|Adrian FilutAccording to Prof. Momi Dahan, the deficit in 2024 is much larger than the one shown in the budget book, standing at NIS 170 billion ($47 billion) and making up 9% of GDP
OECD report: lowers Israeli growth forecast, warns government to 're-prioritize' budget
30.11.23|Adrian FilutThe OECD’s Global Economic Outlook report has cut its growth forecast for Israel in 2024 by more than half, and sent a sharp message to the government about using the budget to fund the ultra-Orthodox sector and coalition interests.
Government adds NIS 1 billion to fund yeshivot, amid war with Gaza
27.11.23|Golan FridenfeldAmong other things, the government believes that now is the right time to spend NIS 2.9 million on counseling on the subject of family purity and a similar amount on the Tomb of the Patriarchs.
Israel launches national AI program, but lack of budget threatens its implementation
22.12.20|Meir OrbachThe five-year national program has a NIS 5 billion budget, but political turmoil and the lack of a state budget are holding it back
Israel faces threat of yet another round of elections over budget disputes
21.10.20|ReutersRating agencies have cautioned that further budget delays would raise concerns about Israel’s ability to implement prudent fiscal policies and could affect credit ratings
Finance ministry promises 2021 budget in December amid executive brain drain
12.10.20|ReutersIsrael's economy has been hit hard from the Covid-19 outbreak and is expected to contract in 2020 for the first time in nearly two decades
Israel Innovation Authority receives a $114 million budget boost
19.08.20|Meir OrbachGovernment’s tech investment arm says fast track grants to struggling startups have proven most effective in helping early-stage tech companies survive the Covid-19 crisis
FamilyBiz wants to be the ‘Spotify’ of financial tools
11.08.20|James SpiroThrough its shared app, families can manage their finances and set budgets during difficult periods
Coronavirus Could Empty the Coffers of the Israeli Health System
25.02.20|Adrian FilutThe Israeli Ministry of Health has already been given $16.34 million for virus-related preparations, but that money is coming out of its budget for the rest of 2020
Diminished Growth Could Hurt Israel’s Credit Rating, Says S&P Global Executive
24.02.20|Adrian FilutKaren Vartapetov warns that a lengthy political crisis could have a negative impact, especially on the business sector, but is less worried about the long-term strength of Israel’s economy and its budget deficit
Israeli Government Tech Investment Arm to Halt New Grants in 2020
29.01.20|Meir OrbachThe Israel Innovation Authority will not approve funding to new projects in the first quarter of 2020; Israel's political limbo has postponed the approval of the government budget, affecting most government agencies
Stanley Fischer Got the Bank of Israel Addicted to Dollars, Says Former Bank Gov
01.12.19|Diana Bahur-Nir and Adrian FilutDavid Klein, who served as the bank’s governor in 2000-2005, has plenty to say about the bank’s interference with the foreign currency exchange market, about its immense foreign currency reserves, and about the decision to keep the interest rate low
Following Payment Delays by Israel Innovation Authority, Startups Start Layoffs
27.11.19|Meir OrbachIsrael's political limbo is delaying the approval of the government budget, meaning the government's tech investment arm is almost $60 million short in promised grants
Israel Excels in Health, No Thanks to Government Spending, Report Says
10.11.19|Adrian FilutThe OECD’s most recent health report finds that Israel’s health expenditure is some of the lowest among the countries surveyed
Israel Innovation Authority is Delaying NIS 100 Million-Worth of Grant Payments
04.11.19|Meir OrbachIsrael’s prized tech industry is the latest to be affected by the country’s political limbo, with unapproved government budget halting payments to startups
Israel Mulling Taxing Sugary Drinks, Disposable Tableware, Says Finance Ministry Official
02.09.19|Lior GutmanShaul Meridor, head of the budget department at Israel’s Ministry of Finance, spoke Monday at Calcalist and Bank Leumi's National Economic Conference in Tel Aviv
Report: Israel Spends More on West Bank Settlers Than Any Other Group
19.08.19|Shahar IlanA report published by Adva Center, a Tel Aviv-based non-partisan Israeli policy analysis center, reveals that in 2017, the state spent $1,000 per-capita on non-Haredi settlers compared with $890 on residents of Arab towns and $600 on Haredi settlers
Israel Spent More on Health in 2018, Still Below OECD Average
19.08.19|Lilach BaumerLast year, Israel spent 7.6% of its GDP on health, a 4.3% increase from 2017. The OECD average was 8.8% that same year
Update: Deal Reached Between Israeli Government and National Broadcaster Kan Over Eurovision Budget
15.08.18|Omri Milman and Tofi StolerFollowing prolonged negotiations, the Israeli Finance Ministry has agreed to reimburse the 12 million euros in securities Kan was required to submit by Tuesday, if the contest is canceled for any reason that is out of Kan’s hands
National Broadcaster to Netanyahu: Send Money, or Pass On Opportunity to Host Eurovision Contest
13.08.18|Yoav StolerIn a letter sent to Netanyahu on Sunday, the broadcaster warned it will not provide the securities required to hold the song contest in Israel, should the government fail to secure the full budget required for the event

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