Israel's government has approved a state budget through the year of 2024. The state budget for 2023 will be about 484 billion shekels and in 2024 about 513 billion shekels.
Prime Minister Netanyahu commented: "I would like to thank the ministers and everyone who helped in the effort, the legal teams and the ministerial teams, but above and beyond, the Finance Minister. I had that job; it is not an easy job. You stood up in order to prevent a breach, and this is important. We want to show that the tradition we have created here in the State of Israel, of a free economy with fiscal and monetary responsibility, and coordination between them, and independence for the Bank [of Israel], are valid for us always, especially at this time. I think that this budget does this and it also does it against the backdrop of the best macroeconomic data that I can remember in all my years on the job. The Israeli economy is strong and steadfast. With the across-the-board support of the ministers today, it is even stronger. Thank you everyone and Shabbat Shalom."
Finance Minister Bezalel Smotrich said "Citizens of Israel, we formed a government together less than two months ago, and each of the partners in the government has large and broad work plans. Today we took a first and important step in the right direction. Today we in the government passed a two-year budget and an economic plan. This is a good step for the State of Israel, good for the Israeli economy and good for the citizens of Israel. In the proposed budget, we emphasized the great burden placed on the shoulders of the citizens of Israel and we have worked hard to fight the cost of living that makes it difficult for every citizen in Israel."
The budget was voted on in a Cabinet meeting held today. Tourism Minister Haim Katz boycotted the meeting in protest against the amount allotted to his ministry.... Read More: Arutz-7