Finance Minister Bezalel Smotrich announced the expansion of benefits for the 2025 budget, including a NIS 35 billion cut and a freeze on stipend increases. The budget deficit goal for 2025 is set at 4% compared to the goal of 6.6% for 2024. The budget will include cuts to the public sector and government ministries, as well as statutory government funded bodies. Smotrich highlighted indicators of Israel's strong economy, including a strengthening shekel and increased tax income. He also mentioned plans for growth-supporting systemic changes and fighting tax evasion.
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Original article source: https://www.jpost.com/israel-news/article-817586
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