Heads-up on budget changes gets OK

Finance Ministry agrees to Knesset Finance C'tee request to provide proposed budget changes at least a week in advance.

October 2, 2013 12:13
1 minute read.
Finance Minister Yair Lapid at the Knesset's Finance Committee, June 11, 2013.

Lapid at Finance C'tee meeting 370. (photo credit: Knesset)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


The Finance Ministry decided on Tuesday to agree to a Knesset Finance Committee request to provide its members proposed budget changes at least a week before committee discussions, and answer questions about their proposals in hearings.

The move is intended to increase transparency in the way the budget is implemented, and give Knesset members greater control over changes.

“It’s necessary to give MKs transparency to plan their steps regarding the budget and changes made in it,” MK Nissan Slomiansky, the finance committee chairman said.

While the annual state budget approved by the government and Knesset lays out the framework of how much money will be spent, the various ways money can be allocated (tenders, contracts, direct payments, subsidies, etc.) and the government’s many decisions throughout the year require regular adjustments, explained Yael Mevorach, the Finance Ministry’s deputy budget director. Whereas companies set out their budgets from November to December, the government typically does so in the summer before the new year.

“In the meantime, some of the needs change. There are also changes in requests and changes in the priorities of the government, the Knesset through legislation, and even ministers in their ministries. All these things require adjustments and appropriate budgetary changes,” she said.

The new system allows committee members time to review the proposals for how to make those adjustments, and prepare questions and alternatives to them, ahead of time.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection