The Treasury Denies

The Treasury denies that the state intends to borrow from the Bank of Israel

The Accountant General of the Ministry of Finance announced that, contrary to various publications, the State of Israel has not requested and will not request a loan from the Bank of Israel, according to him "the state's financing capabilities allow the government to fully finance all its needs"

Minister of Finance and Accountant General (Photo: Noam Revkin-Fenton, Flash90.)

Following various publications according to which the State of Israel borrowed funds from the Bank of Israel, a move that has not happened since 1986, the Treasury denies and says: "The State of Israel does not intend to apply to the Bank of Israel for a loan."

In the announcement made, it was stated that "The Accountant General clarifies that the financing capabilities of the State of Israel allow the government to fully and optimally finance all its needs. The financing division in the Accountant General's Division will continue to operate through all channels to finance the government's activities, including all the needs arising from the war of iron swords and the economic and civil aid to the rear".

"The Accountant General emphasizes that he did not request, did not take and that the State of Israel does not intend to apply to the Bank of Israel for a loan. These days, we ask the media to avoid incorrect and irresponsible publications, which are intended to bias the state's issuances, and which may harm the State of Israel and its efforts to fight on the fronts The difference".

The Treasury also says that since the beginning of the war, the State of Israel has raised about NIS 30 billion, of which about NIS 16 billion is in foreign currencies on the international markets. All issuances are carried out at market prices and are reported immediately and regularly through market information systems such as Bloomberg. In addition, a monthly disclosure is given for issuances as part of the deficit reports regarding the state's financing channels, as well as in various briefings made by the professionals in the Accountant General's Division.


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