Finance Ministry

Israeli ministry dealing and overseeing all matters concerning country's economy

Finance Ministry offers grants for each employee returning to work

The draft proposal published by Finance Minister Israel Katz aims to provide employers with grants worth NIS 7,500 for every employee who returns to the workplace after June 1.

GDP contracted by 7.1% in first quarter, sharpest drop in 20 years

The dramatic drop comes after GDP expanded by 4.6% in the fourth quarter of 2019.

Sea Village Hadera on May 21, 2020
Is Israel heading for a second coronavirus wave?

"The numbers are very low, but the numbers were very low when we started this pandemic.”

Knesset advances Norwegian Law

“This bill is needed to enable the Knesset to function better,” Blue and White MK Ram Shefa told the Arrangements Committee.

MK Nir Barkat
Nir Barkat: From finance minister in-waiting to reject – analysis

Sources close to Netanyahu gave mixed messages for why Barkat was rejected. One source said it was because Barkat did not pose a threat to Netanyahu. Another said it was because he did.

S&P: Israeli economy expected to 'absorb' coronavirus shock

While the economy is expected to contract by 5.5% this year, entering recession for the first time in two decades, it is projected to recover by more than 6% in 2021.

Shai Babad
Finance Ministry director-general Shai Babad to step down

The exact date of Babad's departure will be decided in due course.

Finance Ministry seeks to reopen restaurants, cafes next week

The plan, expected to be discussed at a meeting on Wednesday by the two ministries, is based on the formulation of a restaurant-specific set of "purple badge" hygiene standards.

Finance Ministry proposes El Al bailout offer, many strings attached

El Al also extended the unpaid leave of thousands of employees until June 30. About 6,000 employees of El Al and its subsidiaries are currently on unpaid leave.

Prime Minister Benjamin Netanyahu discusses the impact of coronavirus with representatives from the
Finance Ministry to expand ‘coronavirus crisis’ budget

The fund will also fund the loans to credit providers with $750 m.

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