Finance Ministry

Smotrich appoints Israel Malachi as new Director General of Finance Ministry

Israel Malachi, who served as the ministry’s Deputy Director General for the past three and a half years, will take over from outgoing Director General Ilan Rom.

Incoming Director General of the Finance Ministry, Israel Malachi, who was appointed by Finance Minister Bezalel Smotrich.
Finance Minister Bezalel Smotrich speaks at the Knesset plenum ahead of the 2026 state budget vote, March 30, 2026.

Finance Ministry’s relief loan to Israel’s small, medium businesses: How does it work? - explainer

New Israeli Shekel banknotes are seen in this picture illustration taken November 9, 2021.

Iran war has cost Israel $11.5 billion in budgetary expenses, Finance Ministry says

Prime Minister Benjamin Netanyahu arrives to vote at the Knesset on the 2026 state budget, March 30, 2026.

Knesset approves 2026 state budget in final votes, avoids early elections


Tax Authority confirms higher vehicle tax rates for 2025

Alongside the adjustment to purchase tax on electric vehicles, all gasoline, diesel, hybrid, and plug-in hybrid vehicles will become more expensive.

 Income Tax and Property Tax Department at the Finance Ministry

Month after deadline, Israel's 2025 budget bills brought to Knesset

The total budget for 2025 will be approximately NIS 706 billion, and include budget cuts relative to the 2024 budget, totaling about NIS 37 billion.

 Finance Minister Bezalel Smotrich with MK Moshe Gafni during a Finance committee meeting at the Knesset, the Israeli parliament on December 3, 2024

Hundreds of IDF reservists to receive back money from wrongfully imposed fines

The NII also offered to freeze debts for some reservists, according to the KAN report.

  Israel at war - IDF troops operate in the Gaza Strip.

Israel's deficit shrinks to 7.9% of GDP despite war expenses, still above annual target

Despite ongoing war expenses pushing annual spending up by 26.3 percent, Israel's deficit has improved to 7.9% of GDP in October, with state revenue climbing to NIS 398.6 billion.

 Israel flag with stock market finance, economy trend graph digital technology.

State Comptroller: Tax Authority missed NIS 3b from crypto

The State Comptroller stressed the need to examine how to collect taxes from the cryptocurrency market before the government raises taxes for the public.

 Engleman at the Israel Bar Association conference

Regev strikes deal with Treasury on congestion charge

At the government meeting on the budget last week, Regev and Smotrich fought over the decision to raise public transport fares, but in closed negotiation rooms, they reached an understanding

 Transportation Minister Miri Regev holds a press conference ahead of Israel's 76th Independence Day Ceremony at Mount Herzl in Jerusalem, on May 8, 2024

Knesset approves Israel's 2025 budget despite threats of opposition

The national budget for 2025 will be around NIS 607.4 billion. The government has also approved budget adjustments totaling about NIS 37 billion.

 Finance Minister Bezalel Smotrich and National Security Minister Itamar Ben-Gvir. (Illustrative)

Smotrich is 'arrogant': Ben-Gvir lashes out at finance minister after budget clash

These comments follow the return of the Knesset for winter session and reports regarding budget cuts for certain ministries.

 Itamar Ben-Gvir and Bezalel Smotrich attend a plenum session on forming the government, in the Israeli parliament, on December 29, 2022.

North and South call for more effective compensation plans as Israel faces dual recovery challenges

While NIS 19 billion has been approved for rehabilitation, 5 billion of these remain frozen, waiting for the delineation of the area included in the rehabilitation.

 Smoke rise from a fire which broke out from missiles fired from Lebanon outside the northern Israeli city of Kiryat Shmona, October 22, 2024.

Finance Ministry drops growth prediction, citing expansion of fighting

The Finance Ministry laid out a number of factors that could impact the growth projection, causing it to rise or fall.

  Israeli Finance Minister Bezalel Smotrich attends a news conference after announcing that he will sign an order to seize Palestinian Authority funds and transfer them to the families of victims of Palestinian attacks, at Israel's Finance Ministry in Jerusalem, January 8, 2023.