Budget

Finance Ministry austerity plan revealed: Rent tax and tax credits for parents

Despite the lack of a government, senior Finance Ministry officials are already preparing the 2027-2028 budget, seeking austerity measures to cover massive defense spending.

Money bills.
Finance Minister Bezalel Smotrich attends a press conference at the Finance Ministry in Jerusalem, July 1, 2026.

Finance Ministry prepares plan to prevent increase in deficit, fund defense, for next government

Benjamin Netanyahu and Prof. Amir Yaron.

The Governor warns: 'Unrestrained defense budget will lead to an increase in deficit and inflation'

Prime Minister Benjamin Netanyahu meets with opposition head Yair Lapid, June 17, 2025

Lapid calls on Netanyahu to convene defense budget committee, release NIS 11b. to IDF


Intel hits roadblock: State cancels massive NIS 1.3B grant for 2025

The promised Kiryat Gat investment spree faces reality: Following the freeze on factory expansion, the state halted 2025 funding, putting the 2026 grant in doubt as well.

Intel offices in Petah Tikva

Hegseth asks Congress for $1.5 trillion defense budget as Iran war costs continue to climb

"Not funding this department at $1.5 trillion, I believe, is the greatest threat that our nation faces," Hegseth told the Senate Appropriations Committee.

US Secretary of Defense Pete Hegseth looks on as he testifies during a Senate Appropriations Committee hearing on US President Donald Trump's supplemental funding request for the Department of Defense, in Washington.

Knesset Finance Committee considers NIS 393 million transfer to Prime Minister's Office

MK Vladimir Beliak of the Together party, the opposition’s coordinator on the committee, spoke with Anat Davidov on 103FM’s Where's the Money program and addressed the budget additions being sought.

MK Vladimir Beliak reacts during a Constitution, Law and Justice Committee meeting and votes on parts of the judicial reform, at the Knesset, the Israeli Parliament in Jerusalem on July 19, 2023.

Israeli gov't considers moving over half a billion shekels from Arab sector to Shin Bet

If the government approves the reallocation of funds, it would signal a shift of priorities away from growing Arab society and towards increased law enforcement and intelligence.

Prime Minister Benjamin Netanyahu meets with Shin Bet Director David Zini, October 23, 2025.

Speaker Amir Ohana reduces Knesset budget by NIS 50 mil. to support Israel's economy

Knesset Speaker Ohana said he had informed Finance Minister Bezalel Smotrich of his budget-reduction initiative and that the funds are expected to be deposited in the treasury.

Knesset Speaker Amir Ohana speaks during a plenum session at the assembly hall of the Knesset, the Israeli parliament in Jerusalem, May 20, 2026.

Workers to receive 13.5% pay raise in new collective agreement

Workers will receive cumulative wage increases, expanded pension benefits, and new welfare perks under a collective agreement valid through 2030.

 The Mor Institute.

IDF plans massive NIS 130 billion buildup, including aircraft, munition factories

On the agenda are more fighter jets, refueling aircraft, attack helicopters, naval vessels, armored vehicles, advanced weapons production, and a space project.

The "Adir" (F-35I) fighter jet during the "Blue Flag", an international aerial training exercise at the Ovda air force base, Southern Israel, November 11, 2019; Illustrative.

No-bid White House contract awarded for ballroom construction to tune of $500 b.

US President Donald Trump was directly involved in negotiating some costs for the ballroom, A Washington Post report said.

Construction of the new White House ballroom continues as crews work to break down the Ultimate Fighting Championship Freedom 250 "Claw," a 92-foot-tall temporary stadium on the South Lawn, on June 28, 2026 in Washington, DC.

Prime Minister Keir Starmer unveils £15 billion UK defense plan as legacy project

He acknowledged that new governments could "build" on his blueprint, and some critics said the plan, delayed for more than nine months, was too little, too late.

Britain's Prime Minister Keir Starmer and Poland's Prime Minister Donald Tusk meet with Polish and British military personnel at the Battle of Britain Bunker, as the countries formalise a UK-Poland security agreement, in Uxbridge, Britain, May 27, 2026.

Your Investments: Getting back to basics for a secure financial future

From the spiritual to the mundane, when it comes to building wealth, too often, we forget the process.

Rises on the Tel Aviv Stock Exchange – Green Screens.