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Tag: Bezalel Smotrich

Hamas war takes toll on Israeli economy as Israel delays 2025 budget

October 10, 2024October 10, 2024David Rutman

The government will debate a proposal for the 2025 budget on October 31, a spokesperson for Finance Minister Bezalel Smotrich, said earlier this week. This delay could mean that the budget is not passed by the end of 2024, the spokesperson added. The October discussion is later than intended, as Smotrich previously said he intended […]

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Finance Minister Smotrich okays IDF pensions examinations

March 6, 2024March 6, 2024David Rutman

Finance Minister Bezalel Smotrich (Religious Zionist Party) on Wednesday authorized a new public committee on the structure of the IDF and the defense budget to examine IDF pensions. He announced his approval in a letter to Likud MK Hanoch Milwidsky, who published it on his X account. The move followed repeated calls by Milwidsky. עבודה […]

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Israel’s gas prices to rise Thursday night

February 28, 2024February 28, 2024David Rutman

The price of gasoline in Israel will rise Thursday night to NIS 7.51 per liter, a month-over-month increase of 13 agurot. The change will take place at midnight, on March 1.  The increase, announced on Wednesday by the Energy Ministry, will not be mitigated by the Finance Ministry’s usual subsidy, which Finance Minister Bezalel Smotrich […]

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Smotrich Arab sector budget cut will cause collapse in Bedouin councils

February 13, 2024February 13, 2024David Rutman

Finance Minister Bezalel Smotrich’s proposed 15% budget cut for the Arab sector will bring the local Bedouin councils to the edge of collapse, with serious repercussions for all of Israeli society, economic adviser for the National Committee of Heads of Arab Local Councils Ziad Abu Gnem said at an emergency meeting held for the heads […]

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Economist explains the real reason Israel’s credit rating dropped

February 13, 2024February 13, 2024David Rutman

Prof. Yaron Zelekha, head of the School of Accounting, Economics, and Financial Management at Kiryat Ono Academic Campus, addressed the credit rating downgrade of Israel by Moody’s during an interview Sunday on 103FM. “A door to a wave of credit rating downgrades has opened here, both for other rating agencies and for Moody’s itself. The […]

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