Finance Ministry

Israeli ministry dealing and overseeing all matters concerning country's economy

Israel approves 22 West Bank settlements amid war with Hamas, pressure for Palestinian state

Legal Affairs correspondent Sarah Ben-Nun explains the context of settlement approval, touching on expansion during the Israel-Hamas War, IDF operations in the West Bank, and more.

A general view of houses in the Israeli settlement of Maale Adumim in the West Bank
 A map of 22 areas in the West Bank that were approved for new Israeli settlements, May 29, 2025.

Gov't approves establishment of 22 new West Bank settlements

 Finance Minister Bezalel Smotrich and Yaffa Ben-David, Secretary-general of the Teachers Union.

Finance Ministry, Teachers Union reach agreement in wake of teacher strikes

An empty classroom in a school in Givatayim amid the teachers' strike. May 6, 2025.

Court rules: Teachers who took sick leave as protest must return to work


'It's about more than money': Uncertainty remains over end to teacher strike despite deal

Despite new understandings between the Finance Ministry and the Teachers’ Union, it remains unclear whether disruptions in the education system will soon come to an end. 

 View of exterior of an empty school amid teachers strike May 5th, 2025.

Gov't members to raise own salaries while teachers strike over budget cuts - report

Just one day earlier, Smotrich wrote a letter to teachers, assuring them that rumors of government members receiving a pay raise are false.

(L to R): Defense Minister Israel Katz, National Security Minister Itamar Ben-Gvir, Prime Minister Benjamin Netanyahu, Finance Minister Bezalel Smotrich, Foreign Minister Gideon Sa'ar.

‘You are being incited with lies’: Smotrich denies Finance Ministry responsible for teacher pay cuts

Smotrich claimed there were necessary budget cuts across multiple sectors as a result of the war's growing cost.

 Finance Minister Bezalel Smotrich at Knesset, February 10, 2025.

Education Ministry backs teachers' strike on budget cuts to salaries

Benny Gantz expressed his support for the teachers as well and criticized Netanyahu's conduct on the matter.

 ONE CHALLENGE: The ongoing classroom shortage. Pictured: At a Beit Hakerem school.

High Court cannot force government to retain Bar as Shin Bet head, says Smotrich

"The responsibility for Israel's security lies with the government, and therefore, the authority [to fire Bar] rests with it," Smotrich said.

Finance Minister Bezalel Smotrich speaks in the Knesset plenum, in Jerusalem, March 25, 2025

Knesset tensions rise as opposition seeks to block budget cuts

Israel’s 2025 budget faces opposition pushback over proposed spending cuts, potentially delaying its approval ahead of the March 31 deadline.

 The Finance Committee meets in the Knesset, June 2021

Purim Spiel: Israel solves economic crisis by just printing more money

Purim Shpiel: The following is a satirical article from The Jerusalem Post's annual parodic Purim page, The Jerusalem Roast. Enjoy!

 Makin' it rain, baby.

They can't keep doing reserves forever: Families react to new benefits initiative

The plan includes benefits for combat soldiers and aims to take "meaningful steps" to deepen appreciation and aid for reservists.

 RESERVE SOLDIERS of the Be’eri Battalion.

Israel to expand financial benefits for reservists and their families

The initiative will include an allocation of around 3 billion shekels to implement measures to increase the recognition and support of reservists through financial assistance.

Reservists train during a battalion wide exercise in the Golan Heights.

Israel deficit at 5.3% of GDP, NIS 16.7 billion surplus since start of 2025, Finance Min. estimates

This follows significant tax changes that were implemented at the start of 2025 – one of the measures put in place to contend with the economic impacts of the Israel-Hamas War.

 The Finance Ministry offices are seen on May 14, 2023

National Security Min. budget to reach record NIS 28b. as number of security prisoners grows

In response to the sharp rise in security prisoners, NIS 1.9 billion will be allocated to the Israel Prison Service for the construction of new detention facilities.

 Israeli security forces guard at the Ofer prison, outside of Jerusalem, from where Palestinian terror convicts will be released later today as part of a hostage deal between Israel and Hamas, February 15, 2025.