Special Discussion Following Moody's Report

After Moody's report, the Ministry of Finance held a special discussion

Minister of Finance, Bezalel Smotrich, held a special discussion with the management of the Ministry of Finance regarding the implications and consequences of Moody's international rating agency report. In the statement, it was mentioned that "the Ministry of Finance takes this matter seriously"

(Photo: Yonatan Zindel/Flash 90)

The day after the publication of the exceptional report by the international rating agency "Moody's," Minister of Finance, Bezalel Smotrich, held a discussion today (Wednesday) with the management of the Ministry of Finance regarding the implications of the agency's announcement and its consequences.

"The Ministry of Finance takes this matter seriously," stated the ministry's announcement. "We maintain close contact with credit rating agencies and international economic bodies, regularly examining the state of the economy and the perceived risks, among others, through these bodies."

As previously reported in the credit rating agency report, the passage of the law to limit the Clause of Reasonability poses a "significant risk of harming the economy." According to the report, the political and social tensions surrounding the judicial reform are expected to have negative implications on Israel's economy and its security situation.

"On July 24th, the Israeli parliament passed a law preventing the Supreme Court from using the Clause of Reasonability to overturn government and ministerial decisions," the report stated. "The government believes that reasonability grounds allowed the court to assume authorities not granted to it, but opponents of the law argue that this is a first step towards a significant impact on checks and balances, which are an important component of Israeli democracy."

According to their statements, "there is a significant risk that political and social tensions in Israel will persist, which will negatively impact the economic and security situation in the country. We downgraded Israel's credit rating outlook last April to reflect our position that the Israeli government is regressing, and its proposals will harm the independence of the judiciary system. Israel doesn't have a constitution mainly relying on judicial oversight. The conduct of the legislative and executive authorities has also become less predictable, as they are more willing to jeopardize economic and social stability."

They also warned that "a large number of reservist soldiers threatened to stop reporting for duty if the law passes, raising concerns about the impact on Israel's security and escalation of violence against Palestinians. While political protests haven't historically affected the Israeli economy, severe security escalation could harm relations with Arab states and make it challenging to form relationships with Middle Eastern countries such as Saudi Arabia."


Do not send comments that include inflammatory words, defamation, and content that exceeds the limit of good taste.

Israel-Gaza War, Northern Front

IDF continues to pound Hezbollah in Lebanon

Air Force planes continue to strike Hezbollah targets in Lebanon, while helicopters and artillery struck identified threats elsewhere.

JFeed Staff | 21.02.24

Israel-Gaza War

IDF releases map with bird's eye view of Gaza Strip and location of some of Hamas' bases and factories

The IDF continues to publicize the location of Hamas warfare sites underneath civilian areas, releasing a map showing just some of these discoveries.

Avi Woolf | 21.02.24

IDF, Jordan Valley

Mass weapons smuggling effort foiled in Jordan Valley

Two residents of the Aqabat Jaber refugee camp were arrested in the Jordan Valley while trying to smuggle a large number of arms into Israeli territory.

JFeed Staff | 21.02.24

Israel-Gaza War

Watch: Terrorist fires mortars from Gaza, is eliminated within minutes

A Hamas terrorist firing mortars from Gaza was identified by the Gaza Division war room and eliminated from the air. Watch:

JFeed Staff | 21.02.24

Israel-Gaza War, Bedouin

Bedouin who saved soldiers' lives on October 7 made permanent resident

Interior Minister Moshe Arbel decided to Hamid Abu Arar, a resident of Aroer who saved the lives of 45 soldiers on October 7. "Your actions touched all our hearts."

Oz Israel Schwartz, JFeed Staff | 21.02.24

War in the North

IDF bombs building where terrorists were hiding | Watch

IDF planes attacked a building where terrorists were hiding near the village of Yaroun. 

JFeed Staff | 21.02.24

Israel-Gaza War, Knesset, Palestinian State

99 MKs vote in favor of rejecting one-sided recognition of a Palestinian state

The Knesset voted overwhelmingly in favor of a government statement rejecting global recognition of a Palestinian state without a negotiated settlement.

Yair Amar, JFeed Staff | 21.02.24

Syria attack

Arab media: Another blast in Syria

Following the attack on a luxury building in the heart of Damascus attributed to Israel, Arab media is reporting another air strike in Syrian territory against Iranian ammunition depots.

Yair Amar, JFeed Staff | 21.02.24
Terrorist who murdered Rabbi Binyamin Ze'ev Kahane and his wife (H"YD) dies in prison

Kahled Jamal Musa Shawish, head of the Tanzim in Ramallah died yesterday in the hospital. The circumstances of the death are being investigated.

JFeed Staff | 21.02.24

Syria Strike

Targeted strike on building in the heart of Damascus | Watch

The bombed is located in the Sousa neighborhood - home to members of Hezbollah and Iran's Revolutionary Guards.

JFeed Staff | 21.02.24

Israel-Gaza War, Judea & Samaria

"Unprecedented:" 400 terrorists eliminated in Judea & Samaria since outbreak of war

The IDF's operation in Jenin yesterday ended with a number of arrests and three terrorists eliminated, including the Fatah commander in Qalqilya.

Arye Yoeli, JFeed Staff | 21.02.24

Israel-Gaza War, American Jews

Survey: American Jews' surprising political shift since outbreak of Gaza war

According to a survey published last night, presidential candidate Donald Trump leads Biden by 9% amongst Jews in the state of NY.

JFeed Staff | 21.02.24