Budget

Government submits 2026 budget to Knesset, Smotrich vows passage despite rifts

Finance Minister Bezalel Smotrich said that the government was "determined to pass it [the state budget] on first reading,” during a press conference at the Knesset on Monday.

Finance Minister Bezalel Smotrich after a press conference at the ministry, December 4, 2025; illustrative.
THE KNESSET during a meeting on December 24, 2025.

Gov’t faces one-week deadline to pass first reading of state budget amid haredi draft bill threats

 Shas faction meeting in the Israeli parliament on December 8, 2025.

Shas threatens to vote down 2026 state budget if haredi draft law not passed

 Incoming IDF Deputy Chief of Staff Amir Baram gives remarks at his inauguration ceremony, October 31, 2022.

Defense Ministry director-general says Israel returned too quickly to pre-Oct. 7 budget approach


Welfare, wage, and ministry cuts: Treasury unveils plan for 2025 budget

The budget outline includes closing five ministries and numerous budget cuts to ministries, which may bring resistance from ministers and slow its passage through the Knesset.

 FINANCE MINISTER Bezalel Smotrich speaks at a news conference at the Finance Ministry in Jerusalem, last week.

Iran's military budget is growing: What does that mean for the Middle East? - analysis

Iran wants to increase the accuracy of its range and the overall number of its ballistic missiles.

Iranian armed forces members march during a ceremony of the National Army Day parade in Tehran, Iran April 18, 2022

Israel's 2025 budget delays a red flag to investors and Israelis - analysis

Israel's economic professionals have stressed it, Ratings agencies have said it - Israel needs a responsible budget for 2025, and it needs to show it can pass one now.

Finance Minister Bezalel Smotrich, Fitch Rating logo seen in background.

Moody's downgrade due to Israel's clueless leadership, gov't mistrust - expert

Israel's long-term future could continue to deteriorate if the government does not "understand the gravity of the moment."

Bezalel Smotrich is seen pointing down in an illustrative featuring credit agency Moody's.

Uncertainty on when US aid will reach Israel may lead to further 2024 budget adjustments

Because the ministry does not currently know how much American aid will arrive and when, they decided not to account for this in the current expansion of the 2024 budget.

 Finance Minister Bezalel Smotrich attends a Finance committee meeting at the Knesset, on June 10, 2024

Economist warns: Israel's war costs could reach 10% of GDP, raising urgent challenges

"It is not unlike a second war of independence. And unlike the Yom Kippur War of 1973, which lasted three weeks, its end is not in sight.”

Economy Minister Nir Barkat and Finance Minister Bezalel Smotrich speak in the Knesset plenum on February 21, 2024

NIS 727 billion budget expansion passes in Knesset as Israel-Hamas War continues

The Knesset approved a second 2024 budget, driven by the Israel-Hamas war, with 57 votes for and 51 against.

Inside the Knesset building.

Goldknopf – UTJ will not support 2025 budget without haredi IDF draft bill

The legal blanket haredi exemption from IDF service ended in July 2023 after being ruled unequal and therefore unconstitutional.

 HOUSING MINISTER Yitzhak Goldknopf, United Torah Judaism’s leader, in the Knesset last month. He turned to his Jewish heritage and instincts regarding the plight of the hostages, notes the writer.

Knesset approves first reading of 2024 budget expansion bill

According to Finance Minister Bezalel Smotrich, the change will not increase the state's budget deficit at year's end, since it will be offset by higher-than-expected national income from taxes.

 The Knesset plenum on July 24. All opposition MKs boycotted the vote for the ‘reasonableness’ bill, while all coalition MKs supported it, resulting in a 64-0 vote.

MK Mickey Levy slams Smotrich and Englman over budget delay and war report

MK Mickey Levy condemns Finance Minister Smotrich for missing the budget deadline and State Comptroller Englman for delaying the war report, urging immediate action and accountability.

 Knesset Speaker Mickey Levy.