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Smotrich freezes purchase of fighter squadrons from the US

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Israeli Finance Minister Bezalel Smotrich has informed Prime Minister Benjamin Netanyahu of his intention to freeze the planned purchase of two fighter squadrons until the government agrees to establish a public committee that will...

Is Israel doing enough to support evacuees?

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While Israel’s Finance Ministry and National Insurance Institute agreed upon additional grants to unemployed evacuees just last week, some evacuees say not enough is being done to support those whose lives were uprooted by...
The Asian Development Bank's headquarters in Manila, Philippines, in 2007. Credit: Wikimedia Commons.

Israel working to join Asian Development Bank

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The chief economist at Israel’s Finance Ministry, Shira Greenberg, participated last week in the 56th annual conference of the Asian Development Bank (ADB) in Incheon, South Korea, as a representative of the State of...
Israel shekels. Credit: Pixabay.

Knesset passes bill granting child tax credits

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The Knesset passed a bill in its second and third readings giving parents child tax credits. The Joint Arab List supported the bill, which allowed it to pass even as the opposition parties announced that...
Israeli Finance Minister Avraham Hirschson speaks at a press conference on the government's plan to reduce poverty, on April 18, 2007. Photo by Ariel Jerozolimski/Flash90.

Former Israeli finance minister Avraham Hirschson dies at 81

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Former Israeli finance minister Avraham Hirschson died on Monday at the age of 81. Hirschson served as a member of Knesset for both the Likud and Kadima parties between 1981 and 1984, and again from...
Image of NIS 200 bills. Photo by Nati Shohat/Flash90.

Israel unveils new measures to combat rising cost of living

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The Israeli government on Wednesday unveiled a raft of measures aimed at tackling the surging cost of living in the country. The new plan includes provisions to boost compensation for businesses and independent employees adversely...
Yisrael Beiteinu leader Avigdor Lieberman gives a press conference at the Knesset in Jerusalem, April 6, 2021. Photo by Olivier Fitoussi/Flash90.

Israeli finance minister cancels childcare subsidies for non-working yeshivah students

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Starting on Sept. 1, unemployed yeshivah students will no longer be eligible for daycare-center subsidies for their children, Israeli Finance Minister Avigdor Lieberman announced on Wednesday. “The current mechanism harms parents who work and prioritizes those who...
Israeli Minister of Finance Avigdor Lieberman arrives at the President's Residence in Jerusalem for a group photo of the newly sworn-in Israeli government, June 14, 2021. Photo by Yonatan Sindel/Flash90.

Israeli Finance Minister Lieberman describes budget as ‘national task’

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Israeli Finance Minister Avigdor Lieberman met on Monday with key members of his staff for an initial discussion on formulating a two-year state budget for 2021-22. Noting that passing a budget would be a critical...
An El Al Israel Airlines Boeing 767, June 6, 2013. Credit: Aktug Ates via Wikimedia Commons.

Israeli Finance Ministry announces $120 million bailout for El Al

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Israel’s Finance Ministry announced on Wednesday a $210 million bailout for the country’s national carrier, El Al, to help the airline overcome the losses it suffered as a result of the coronavirus crisis. The tickets...
Israeli Finance Minister Israel Katz holds a press conference at the Finance Ministry in Jerusalem on July 1, 2020. Photo by Olivier Fitoussi/Flash90.

Moody’s reaffirms Israel’s A1 credit rating

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A recent report by global credit-rating agency Moody’s lauded the Israeli government’s fiscal policy but criticized its inability to pass a state budget. The 31-page report, issued on Friday, said that while the agency expects...