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Welfare, wage and ministry cuts: Treasury unveils plan for 2025 budget

The Finance Ministry has sent an outline of the 2025 budget to Israel's ministers, which includes closing five ministries and implementing budget cuts. The budget aims to support Israel's economy amidst the challenges and costs of the Israel-Hamas war. Finance Minister Bezalel Smotrich anticipates that the 2025 budget may not pass before the end of the year. The budget includes a freeze on government stipends and updates to tax brackets, potentially impacting all Israelis. The plan also includes cuts to ministries, such as the Transportation Ministry's development budget and Health Ministry budgets.

Original article source: https://www.jpost.com/israel-news/politics-and-diplomacy/article-826856
Source Id: 8388113042

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