Finance Ministry

Moody’s announcement is viewed by both Netanyahu and Finance Minister Bezalel Smotrich as politically motivated and surreal, since they both keep speaking of the basic strength of the Israeli economy

The issue came up in the Knesset plenum on Wednesday during a debate over two law proposals, both by MKs from the Labor party.

The country served as a facilitator in the 1992-1993 talks between Israel and the Palestine Liberation Organization that led to the Oslo Accords in 1993.

According to a statement by the Finance Ministry, the updated budget for 2024 is approximately NIS 582 billion, which reflects a rise of approximately NIS 70 billion in government spending.

Ministers are slated to start debate on a 2024 wartime budget that would add tens of billions of extra spending, and a vote could come in the middle of the night on Friday.

"The reservists will receive the money without delay. They are true heroes," Prime Minister Benjamin Netanyahu said.

The signing of the agreement by foreign minister Eli Cohen marks the end of the two-year-long dispute.

A Finance Ministry representative warns of severe economic consequences as a debate in the Knesset calls for a decision on admitting Palestinian workers.

I call on the government of Israel to strengthen the Israeli economy by diverting money from the budget to strengthen the cleaning industry.

Itai Temkin said the war was expected to stretch at least two months into 2024, adding 30 billion shekels for security and another 20 billion for civilian and other expenses.