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Knesset Finance Committee begins debate over renewed budget

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The Knesset Finance Committee has begun debating the government's proposal for a renewed 2024 budget, following Moody's decision to lower Israel's credit rating. Finance Minister Bezalel Smotrich presented the budget, which is based on providing for Israel's war needs and making cuts to unnecessary budgets. Committee members from the opposition expressed concerns over the budget, with calls for Smotrich to resign. Critics highlighted issues such as the budget not shutting down unessential government ministries, the allocation of politically-based coalition funds, and the continuation of haredi men receiving an exemption from IDF service.

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