Benjamin Netanyahu and Bezalel Smotrich  credit: Alex Kolomoysky Yediot Ahronot What is the budget dispute about?

What are "coalition funds"? Are the numbers big or small? Are haredi teachers underpaid? "Globes" provides some answers.

Tel Aviv credit: Shutterstock AlexDonin The Economist: Tel Aviv slips in expensive city rankings

Tel Aviv has fallen to eighth place in The Economist Intelligence Unit's (EIU) Worldwide Cost of Living rankings for 2023.

Israel-Hamas war credit: Anadolu Reuters OECD sees weak growth in Israel in 2024

The OECD forecasts only 1.5% GDP growth in Israel in 2024 but a strong recovery in 2025.

Prime Minister Benjamin Netanyahu and Minister of Finance Bezalel Smotrich  credit: Alex Kolomoisky, Yedioth Ahronoth Gov't only partly cuts coalition funds in revised 2023 budget

Benny Gantz and the other National Unity minsters voted against the new budget, which includes an additional NIS 30 billion to cover war related expenditure.

Bank of Israel Governor Prof. Amir Yaron credit: Eyal Izhar, Tali Bogdansky BoI keeps rate unchanged, again cuts growth forecast

The Bank of Israel said that monetary policy could focus more on supporting economic activity if the markets remain stable and inflation continues to moderate.

Galaxy Leader credit: As ships reroute, cargo prices jump

Judah Levine of Freightos: Ships are sailing around Africa to avoid attack by Houthi terrorists.

Benny Gantz  credit: Marc Israel Sellem, The Jerusalem Post Coalition funds cut 70%? Depends how you look at it

In response to Benny Gantz's threat to vote against the revised 2023 budget, Benjamin Netanyahu claims that the dispute is over just 1% of the budget total.

Shmuel Abramson  credit: Ministry of Finance spokesperson's office Chief economist: War will cut GDP by 1.4% in 2023

Economic growth in Israel for 2023 is now forecast at 2%, which, given the growth in the population, amounts to stagnation.

Co-Impact meeting with President Herzog  credit: Amos Ben Gershom, Israel Government Press Office Herzog meets business leaders on Jewish-Arab work relations

"Employers must strengthen the social fabric and co-existence," President Herzog said at the meeting sponsored by NGO Co-Impact.

Prof. Avi Simhon  credit: Alex Kolomoisky, Yedioth Ahronoth "The Israeli people didn't elect the Budgets Division"

National Economic Council chair Avi Simhon says Israel's economy will withstand the war, and stresses that policy belongs with politicians, not officialdom.

Businesses closed for the war credit: Cadya Levy Unemployment in Israel unchanged in October

While the October figures show no fall in unemployment, the full numbers presented by the Central Bureau of Statistics clearly indicate a cooling off in the job market, with many employees going on unpaid leave.

Prof. Amir Yaron credit: Reuters Ronen Zvulun Netanyahu, Smotrich offer Amir Yaron second term as BoI Governor

Minister of Finance Bezalel Smotrich's aids say that the extension of Prof. Yaron Amir's tenure is designed to calm the markets and provide stability for the economy.

Bank of Israel Governor Amir Yaron credit: Eyal Izhar, Tali Bogdansky Smotrich backs BoI Governor for second term

Minister of Finance Bezalel Smotrich supports extending Yaron's appointment as Bank of Israel Governor for a second five-year term.

Holon employment bureau credit: Eyal Izhar Job vacancies fall 18% since start of war

Job vacancies in Israel fell 18% from 114,000 on October 15 to 93,000 on November 7, the Central Bureau of Statistics reports.

Growth Photo: Shutterstock Israel GDP growth slowed in Q3, even before the war

The Israeli economy grew by 2.8% in the third quarter, after growing 3% in the second quarter and 4.2% in the first quarter.

Bank of Israel credit: Shutterstock Analysts see Bank of Israel rate cut by start of 2024

If the shekel continues its impressive appreciation, some analysts see the Bank of Israel cutting the interest rate on November 27.

Minister of Finance Bezalel Smotrich credit: GPO Bank of Israel: Gov't budget cuts insufficient

The Bank of Israel research department believes that the coalition funds should be canceled.

S&P Global credit: Shutterstock Valeriy Eydlin S&P sees 0.5% Israel GDP growth in 2024

The ratings agency says it could restore Israel's credit outlook from negative to stable if the conflict is resolved, amid a reduction in regional security and internal risks.

Google headquarters  credit: Benny Marty/Shutterstock Google pays expenses for Israel employees staying abroad

Google Israel employees are entitled to work abroad for up to 30 days at the company's expense.

Tel Aviv Stock Exchange  credit: Eyal Izhar Israeli markets price in qualified optimism

For the time being, Israeli investors appear to prefer the uncertainty of war to the political uncertainty that it has replaced.

Knesset Finance Committee session on war damage compensation credit: Noam Moskowitz, Office of the Knesset Spokesperson What will it all cost?

Former Ministry of Finance director general David Brodet believes the war's economic impact can be kept within bounds, but doesn't trust the finance minister.

Israeli soldiers on Gaza border credit: Amir Cohen Reuters War widens Israel's fiscal deficit

Major government spending such as payment of army reservists, and putting up 90,000 evacuees, won't be included until November's data.

Bezalel Smotrich and Yogev Gardos  credit: Noam Moskowitz/Knesset Spokesperson, Oded Karny Smotrich loses Treasury power struggle

An attempt to override Ministry of Finance professionals, allegedly to maintain funds for haredi parties, seems to have failed.

Employment Service office in Holon credit: Eyal Izhar Unemployment claims climb rapidly

There were 70,000 new registrations at the Employment Service in October, 57,500 more than in September.

Minister of Interior Moshe Arbel and Sri Lanka's Ambassador to Israel Nimal Bandaranaike  credit: Ministry of Interior Sri Lanka agrees to send 10,000 farm workers to Israel

Israel's Minister of Interior Moshe Arbel and Sri Lanka's Ambassador to Israel Nimal Bandaranaike have signed an agreement, which will allow Israel to immediately hire 10,000 Sri Lankan farm workers.

Mohammed bin Salman Credit: Shutterstock What Saudi Arabia really thinks of Hamas

Prof. Elie Podeh: The October 7 attack blew Saudi Arabia's diplomatic, economic, and defense strategy off course. It will pay back several times over.

Shekels Photo: Shutterstock Shekel comeback gathers pace

The exchange rate against the US dollar is currently maintaining the trend seen at the end of last week.

Bezalel Smotrich credit: Ronen Zvulun Reuters Finance Minister doubles range for enlarged compensation

Bezalel Smotrich has surprised some of the Ministry of Finance's top officials by doubling the range for enlarged business compensation from 20 to 40 kilometers.

Shekel-dollar ASAP Creative Shekel appreciation seen continuing

Analysts say the traditional correlation between the shekel-dollar exchange rate and movements on US stock markets is reappearing.

Stores closed down  credit: Noa Bucholtz 18% of Israel's workforce not in their regular jobs

The Ministry of Labor calculates that 764,000 Israelis are not in their jobs at the moment, less than the 28% of the workforce at the peak of the Covid pandemic.

Bezalel Smotrich credit: Noam Moskovich, Knesset Spokesperson Israeli cabinet approves business compensation plan

The cabinet has approved the Ministry of Finance's plan to compensate businesses for the indirect damage of the war.

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