Finance Ministry

Finance Ministry prepares plan to prevent increase in deficit, fund defense, for next government

Some of the measures were planned in cooperation with the Bank of Israel. The next government will be responsible for implementing the policy.

Finance Minister Bezalel Smotrich attends a press conference at the Finance Ministry in Jerusalem, July 1, 2026.
A man fills up his vehicle at a gas station in central Israel, October 1, 2026. Fuel prices rose by 52 agorot at midnight, with the maximum price of 95-octane gasoline reaching NIS 8.27 per liter.

Israel fuel prices could top NIS 9 per liter as tax cut expires after elections

Finance Minister Bezalel Smotrich attends a press conference at the Finance Ministry in Jerusalem, July 1, 2026.

Smotrich presses Ofer Winter to drop Knesset run in exchange for Defense Ministry appointment

Finance Minister Bezalel Smotrich attends a press conference at the Finance Ministry in Jerusalem, July 1, 2026.

Israeli gov't approves NIS 2.5 billion for defense, slashing ministry budgets ahead of elections


IDF plans massive NIS 130 billion buildup, including aircraft, munition factories

On the agenda are more fighter jets, refueling aircraft, attack helicopters, naval vessels, armored vehicles, advanced weapons production, and a space project.

The "Adir" (F-35I) fighter jet during the "Blue Flag", an international aerial training exercise at the Ovda air force base, Southern Israel, November 11, 2019; Illustrative.

IDF Disabled Veterans Organization warns of 'national disaster' amid exclusion in defense budget

The warnings came amid debate in 2026 defense spending discussions, in which the Finance Ministry rejected the Defense Ministry's petitions to increase spending by NIS 40 billion.

Israeli Minister of Defense Benny Gantz, Israeli soldiers and Israeli veterans and disabled IDF soldiers seen during a march honoring IDF wounded and disabled IDF, in Tel Aviv, November 17, 2021.

Safed Rabbinical Court may close this fall despite strong local demand

Several rabbis wrote a letter to the chief rabbi opposing the decision, and the Rabbinical Courts Administration said it is doing everything "in its power" to stop the closure, the report said.

 Buildings in old city, Safed, Northern District, Israel.

The Finance Ministry’s new move targets small savings

New reform: Instead of paying a penalty to the Tax Authority every time you want to switch to a more profitable track, you will be able to skip between companies and products completely freely.

Shekels and dollars

Israel launches NIS 1.6b. package to support exporters, hi-tech

Finance officials said the plan offers immediate relief, but warned companies must also improve efficiency and adapt to the stronger shekel.

View of the Nvidia Corporation offices at the Yokneam High-Tech Park, September 8, 2024.

Smotrich launches NIS 1.6 billion aid plan for high-tech and exporters

The Ministry of Finance will inject NIS 1 billion to save startups from closing, and will distribute hundreds of millions more to industrial plants.

The Minister of Finance Bezalel Smotrich

"The Treasury took hundreds of billions from National Insurance surpluses"

Former National Insurance director general, Meir Spiegler, in an unprecedented attack on the Ministry of Finance: "Hundreds of billions in collection surpluses have disappeared."

Meir Spiegler

Goldknopf proposes lowering the VAT to 17%

Just a few months before the elections, the housing minister who voted in favor of raising the VAT proposes lowering it to 17%. The Finance Ministry clarifies that the proposals will not be adopted.

Construction and Housing Minister Yitzhak Goldknopf

The Dimona mayor’s ultimatum to the Ministry of Finance

Benny Biton, Mayor of Dimona and Deputy Chairman of the Federation of Local Authorities: "Every apartment built today represents a loss of NIS 5,000 for the local authority."

Eran Rolls, Chairman of the Israeli Building Center

End of tax exemption: Tax Authority move will cost property owners dearly in Israel

The move was formulated by the Finance Ministry led by Budget Commissioner and Chief Economist due to rising spending and need for revenue. Next government will approve a two-year budget in 2027.

Bezalel Smotrich.