There will be significant changes in how Israel’s 2025 budget will be formulated compared with how they usually are, Finance Minister Bezalel Smotrich said Sunday. Talks on the budget will commence following Shavuot, he said.
How the war is impacting economic decisions
“The continuing war and its impact on the economy force us to show discipline and fiscal responsibility, as well as full transparency about the data and the process by which policy is formed and decisions are made,” Smotrich said.
“I expect my friends in the government and coalition to understand how serious the situation is and to help [share the responsibility],” he said. “I intend to help them to do this by giving them greater authority and flexibility to manage the budgets that remain in their hands.”
