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


Knesset advances compensation for businesses impacted by war, benefits for reservists

The compensation framework for businesses is among a series of broad measures advanced by the Finance Ministry to support businesses, employees, and nonprofit organizations impacted by the war.

Finance Committee chair MK Hanoch Milwidsky leads a Finance committee meeting at the Knesset, the Israeli parliament in Jerusalem, during the war with Iran and Hezbollah, March 15, 2026.

Willner signals disputed haredi school transfer may return to Finance Committee

At the center of the case is a December 25, 2025, Finance Committee transfer involving education funds, including money directed to haredi institutions.

 Jewish yeshiva students study at the Kamenitz Yeshiva, in Jerusalem on September 9, 2024.

Knesset says Finance Ministry acted unlawfully on haredi funding transfers

Knesset officials say haredi funds were distributed before approval, raising legal concerns ahead of a High Court hearing on the dispute.

 Jewish yeshiva students study at the Kamenitz Yeshiva, in Jerusalem on September 9, 2024.

Knesset Finance Committee approves Israel’s 2026 state budget ahead of final reading

The decision followed debates in the committee that went late into the night. The second and third readings are expected to take place in the Knesset plenum on Thursday.

Finance Committee chair MK Hanoch Milwidsky leads a Finance committee meeting at the Knesset, the Israeli parliament in Jerusalem, during the war with Iran and Hezbollah, March 15, 2026.

Knesset advances bill granting five-year tax exemption to olim, returning residents

Olim, along with returning residents who have lived abroad for at least ten years, will be eligible for the tax exemption.

Minister of Finance and Head of the Religious Zionist Party Bezalel Smotrich leads a faction meeting at the Knesset, the Israeli parliament in Jerusalem, February 23, 2026.

Israel registered 37% less unpaid leave applications than in previous Iran war, report reveals

In total, 7936 people registered for unemployment since the war began, of whom 55% are women, Employment Service revealed on Sunday. Of this group, 54% are mothers of underage children.

Jerusalem's Mahane Yehuda market bustles as the war in Iran rages, March 5, 2026

Gov't adds NIS 2.6 billion to defense, raising state budget by NIS 32 billion due to war

The funds were to be used for classified equipment, which the government cited as an “urgent and immediate need” to provide an operational response to the ongoing war.

 The Knesset building, home of Israel's legislature, in Jerusalem, on November 14, 2022 (Illustrative).

Government to arrange unpaid leave for parents with kids under 14 as schools remain remote

The move has sparked outrage from parents across the country and opposition lawmakers as schools throughout the country have continued to operate in a remote-learning format.

An illustrative image of a supportive mother talking to her child.

Hitting hard: How the Iran war is decimating Israel's small businesses

BUSINESS AFFAIRS: With gatherings and nonessential work from the office prohibited, and airlines doing their best to avoid the region, multiple industries have been deeply affected by the war.

Jerusalem's Mahane Yehuda market bustles as the war in Iran rages, March 5, 2026

Finance Ministry warns of NIS 9.5b. weekly loss, urges Home Front Command to ease restrictions

The Finance Ministry warned that the economic shutdown is costing Israel NIS 9.5 billion per week, urging a shift to an alert status and allowing businesses with protected spaces to reopen.

Israeli shekel