MivzakLive News All The News From Israel
Prime Minister Binyamin Netanyahu held an economic consultation a short time ago (Tuesday) with Finance Minister Bezalel Smotrich, Director General of the Prime Minister’s Office Yossi Shelli, Director General of the Ministry of Finance Shlomi Heizler, Chairman of the National Economic Council Avi Simhon and senior officials of the Ministry of Finance and concluded For bringing a quick revised budget for the end of 2023.
Finance representatives presented the Prime Minister with the state of the Israeli economy and the outlook for the end of the year. In addition, they presented the necessary additions to the state budget as a result of the war. The civil war budget will be financed by increasing the deficit, channeling funds from government spending in the ministries and cutting the coalition agreements.
The Prime Minister approved the budget brought by the Minister of Finance and the two agreed to bring the budget as soon as possible to the government and the Knesset. In addition, Prime Minister Netanyahu, the Minister of Finance and representatives of the Finance Ministry marked the reduction of bureaucracy and barriers as an important goal in the war budget and placed the independence of the local authorities in the management of the budget with an emphasis on the authorities that are close to the conflict line in the south and north as a goal.
In addition, the Prime Minister and the Minister of Finance agreed that immediately after the construction of the final budget by the professionals, the budget will come to the government and the Knesset as soon as possible and work on the 2024 budget will immediately begin.
It should be noted that the meeting between the two comes against the background of the gloomy forecast published tonight by the credit rating company S&P.
S&P Company: Israel’s credit rating forecast dropped from stable to negative
