The government approved the state budget and the Settlements Law for 2023-2024 (Walla system!)
The Ministry of Finance announced that the state budget and the economic plan for the years 2023-2024 were placed on the Knesset table.
The state budget for 2023 will be about 484 billion shekels and in 2024 about 514 billion shekels.
According to the Ministry of Finance's announcement, "the economic plan presented to the Knesset will address the structural problems of the economy, focusing on several key goals: reducing the cost of living, increasing competition and reducing centralization in the economy, accelerating national infrastructure projects and handling the housing market, streamlining the public sector, reducing bureaucracy and regulation for the business sector and a citizen and a war on black capital."
The main reforms included in the economic plan are also detailed:
- the National Infrastructures Law
- the fund to increase investment in the resident and to encourage housing
- reform in the district planning and construction committees
- reform in the rental market
- reducing the regulatory burden on food products and fruits and vegetables in order to reduce the cost of living
- reducing the phenomenon of doubling health insurance
-Increasing competition in the payments market
-Charging for transferring funds between P2P applications
-Increasing transparency in bank fees
-Reducing distortions in the insurance and savings brokerage industry
-Increasing competition in the insurance and pension savings
brokerage industry -Easing the bureaucratic requirements of a small dealer
-Change in regulation to encourage development and innovation in pharmacy
-Transition from slip Written salary for a digital slip
- Alleviating burdens and improving availability in the public health system
- Reducing black capital, crime in the gray market and the use of cash
- Reducing the use of fictitious invoices
The flaws in the budget placed on the Knesset table
- https://finance.walla.co.il/item/3567391
Minister of Finance, Bezalel Smotrich.
"A responsible and biased budget for infrastructure and growth" (Photo: Niv Aharonson)
Minister of Finance, Bezalel Smotrich
: "This morning we put the state budget and the economic plan for the years 2023-2024 on the Knesset table. We have only one thing in mind - the welfare of the citizens of Israel. All of them. We put a responsible budget that is biased towards infrastructure and growth, and we are doing everything we can to maintain Israel's economy and to work for the welfare of its citizens. I am proud of this budget and feel privileged to lay it before the Israeli Knesset this morning. I would like to thank each and every one of the employees of the Ministry of Finance for their work and dedication to the State of Israel, the Speaker of the Knesset and the Knesset's Legal Counsel, the people of the Ministry of Justice and my friends In the coalition for cooperation for Israel's economy."
Director General of the Ministry of Finance, Shlomi Heisler
: "Today we placed on the Knesset table a responsible and balanced budget in addition to a broad and significant economic plan that will promote the Israeli economy. The economic plan includes a series of profound measures that include significant investments in infrastructure, accelerating housing, transportation and energy solutions, together with the promotion of a national infrastructure law that will cut through the bureaucracy that is delaying the giant projects , removing barriers in the field of housing and reducing bureaucracy for businesses - steps that will contribute directly to improving the quality of life of all Israeli citizens."
The Commissioner of Budgets, Yogev Gerdos
: "The budget and the economic plan that we presented this morning include a long series of structural reforms that will contribute to the growth of the Israeli economy - speeding up infrastructure and housing, easing regulation and bureaucracy, and increasing competition. This is alongside a responsible budget that will enable significant budgetary investment and respond to the needs of the ministries while maintaining responsibility fiscal.
I would like to thank the employees of the Budget Division and the Legal Bureau of the Ministry of Finance and many other partners who worked day and night for the benefit of the budget."
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Bezalel Smotrich