The meeting of the prime minister and senior finance officials on the government budget for 2024 has ended. At the meeting, the Finance Ministry's plan for cuts and tax increases was discussed in order to deal with the consequences of the Iron Sword War.
confrontation in the debate on the budget law; Lazimi: The government continues its irresponsible waste campaign
Israel Hayom has learned that the prime minister strongly opposes raising VAT by one percent in 2025 as proposed by the Ministry of Finance, and in general, Netanyahu opposes all tax increases. Regarding the cancellation of credit points for parents of children aged 0-3 and points for young couples, it was decided that the issue will be discussed further.
As part of the discussion, the prime minister approved across-the-board cuts in the budgets of government ministries, totaling 3.6 billion (plat), with each minister determining what he cuts in his ministry. Moreover, the prime minister gave the green light to a 2.5 billion cut in coalition funds.
Ministry of Finance, Photo: Oren Ben Hakon
It was also decided to increase budgets in mental health by several billion, as well as in education, where the education budget for the evacuee population will be increased, totaling billions of shekels. A follow-up hearing will be held in the coming days.
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