After the approval of the state budget last Friday for the years 2023 and 2024.
Today (Sunday) the Ministry of Finance published the main decisions made at the stormy government meeting.
The state budget for 2023 will be NIS 484.7 billion, and the state budget for 2024 will be NIS 513.7 billion.
The budget framework will be an addition of 17.7 billion shekels in 2023, and 25.9 billion shekels in 2024.
The cabinet meeting voting on the approval of the budget, photo: L.A.M
The government decided to approve an increased reserve of 4% of the state budget, similar to the reserve introduced in the previous budget.
Along with this, it was decided to provide an adjustment budget for 2024 in the amount of two billion shekels, with the aim of dealing with the risks to the Israeli economy arising from the slowdown in the global economy due to the acceleration of inflation and the increase in the interest rate environment.
For the purpose of implementing coalition agreements for the establishment of the 37th government, including exceptional budget increases that were agreed upon in the agreements between the parties prior to the establishment of the government, the government decided to establish a framework of approximately NIS 7 billion in 2024.
How much will we earn from the gas?
For the purpose of assembling the budget, the government decided to make a general horizontal cut of 3% in 2023, an additional 3% in 2024, and an additional 1.5% in 2025. Along with this, it was decided to make a cut in the manpower standards at a rate of 2% in relation to the employees of the headquarters and 0.5% in relation to other government employees in each of the years.
In the 2023 and 2024 budget, for the first time, funds from the fund's profits will be allocated to the citizens of Israel, accumulated due to the payment of the special levy on the gas companies.
The annual allocation amount will be 40 million shekels in 2023 and 70 million shekels in 2024, and will be earmarked for building institutions for use by youth movements and improving infrastructure in the field of mental health.
Highlights of the state budget, photo: GettyImages
What didn't go in?
Also, the government adopted the vast majority of the sections of the economic plan for the years 2023 and 2024 with certain changes.
Among the sections of the plan that were circulated for public comments, it was decided not to adopt the following components:
1) Encouraging higher education studies among veterans.
2) Establishment of metropolitan transportation authorities.
3) Imposing a travel tax on electric vehicles.
4) Importing eggs in retail packages.
5) Section for reducing the market power of the suppliers for the distribution of a grocery basket.
6) Leveraging development budgets in local authorities.
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