Ministry of Finance
Israeli startup Wiz to secure government cloud systems in major tender win. The deal comes on the heels of Wiz rejecting a $23 billion Google buyout.
VAT, Cost of Living, Finance Ministry
With VAT set to rise to 18% in 2025, low-income families are likely to face heightened financial strain.
Israel-Gaza War, Simchat Torah Massacre
Finance Minister Betzalel Smotrich announced the founding of a public committee to examine the aid for victims of October 7: "It is the state's obligation to see to the security of its citizens."
The 2024 State Budget
Additional taxation on fuel and natural gas, which will also impact electricity prices, increased taxation on tobacco products and cigarettes, and a substantial cut in the medication basket - All are part of the Treasury's efforts to cope with the costs of the war.
Grants Approved
The government has approved the first portion of an economic assistance program for reservists, which will include a grant of up to NIS 3,900 per soldier's with families.
Fuel Prices Increase
The directive that reduces the excise tax will expire tonight and as a result, starting at midnight, the price of fuel is expected to increase by about 28 agorot per liter. Therefore, self-service 95 octane gasoline will be 7.2 NIS per liter.
Israel-Gaza War, Civilian Evacuees
Finance Minister Betzalel Smotrich conducted a discussion on the Gaza Perimeter settlements today, especially those near the border fence.
Israel-Gaza War, Civilian Evacuees, JNF
As part of its efforts to help rebuild and maintain communities disrupted by the massacre and the war, the JNF is organizing nature tours for hundreds of displaced citizens.
The Treasury Denies
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"
News
Finance Minister Bezalel Smotrich referred to the fighting: "Not containment, but the destruction of Hamas." In the economic aspect, the residents of the Gaza Strip envelope will receive grants and the self-employed will be given concessions. The families of the abducted and missing will be recognized as families of victims of hostilities.
An Agreement Was Reached
The Ministry of Finance reached an interim agreement with the teachers' organization according to which an advance of 2,400 NIS will be given and the vacation schedule will change when a 'bridge' is held between Yom Kippur and Sukkot
The Legal Reform
During the right-wing demonstration in Jerusalem, Finance Minister Bezalel Smotrich addressed the President of the Supreme Court: "To invalidate a Basic Law is an excess of authority and something that will harm Israeli democracy."
Head of the Tax Authority
Minister of Finance Bezalel Smotrich has announced his decision to appoint Shai Aharonovitch as the head of the Tax Authority, and his appointment will be presented for government approval next week
The Price of Olive Oil
Just before the High Holidays, the Ministry of Finance has announced to the public its plans for a significant reduction in customs duties on olive oil. The reduction in customs duties is expected to lead to price reductions by creating an incentive for imports to compete with local production and exports
Special Discussion Following Moody's Report
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"