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Ministry of Finance: "The event is expected to have significant effects on the economy" | Israel Hayom

2023-10-09T16:43:26.467Z

Highlights: Ministry of Finance: "The event is expected to have significant effects on the economy" Senior Finance Ministry officials discussed how to assist the budgetary needs of the operational bodies during the Iron Sword War. In addition, a budgetary framework was maintained for the continuous civilian consequences of the fighting. The IDF, the security establishment, the police and rescue forces operate according to operational need and on an ongoing basis and without budgetary constraints. Compensation for civil damages will be reimbursed from the property tax fund accordingly.


Senior Finance Ministry officials discussed how to assist the budgetary needs of the operational bodies during the Iron Sword War • In addition, a budgetary framework was maintained for the continuous civilian consequences of the fighting • "The needs that arise are being monitored on an ongoing basis," the ministry said


The Finance Ministry management held a special assessment on Monday morning, headed by the Minister of Finance in light of the security situation, with the participation of all members of the Finance Ministry's management. At the meeting, she assessed that iron swords are expected to have significant effects on the economy, and it was reported that the ministry is assessing them in light of the high uncertainty prevailing over the past few days.

The Finance Ministry meeting focused on how to support the war and national efforts, and how to provide assistance and an ongoing response to the budgetary needs of the operational bodies, so that they can operate in a smooth budgetary manner during the fighting.

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The IDF, the security establishment, the police and rescue forces operate according to operational need and on an ongoing basis and without budgetary constraints, according to the Ministry of Finance.

In addition, in accordance with the minister's directives and in coordination with the director general and the budget commissioner, a budgetary framework was reserved for the continuous civilian consequences of the fighting. "The needs that arise from the various government ministries are monitored on an ongoing basis, and the envelope operates according to the required need. Compensation for civil damages will be reimbursed from the property tax fund accordingly," the Finance Ministry said.

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Source: israelhayom

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