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Minister of Finance Bezalel Smotrich credit: Noam Moskovitz Knesset Spokesperson Israel's fiscal deficit narrows for seventh straight month

The fiscal deficit narrowed in the twelve months to the end of April 2025, to 5.1% of GDP, or NIS 104.7 billion, the Ministry of Finance accountant general reports.

US President Donald Trump  credit: Shutterstock US chip export rules cancellation unlikely to help Israel soon

The Trump administration plans to replace the restrictions with bilateral agreements, but sees Israel as low priority.

IDF army reservists credit: IDF Spokesperson Israel's cabinet approves bonuses for reservists

As the Israeli army drafts reservists for an expanded operation in Gaza, the cabinet has approved incentives worth NIS 3.4 billion for reservists called up for combat duty.

S&P Global  credit: Shutterstock/Valeriy Eydlin S&P retains negative outlook for Israel rating

The credit rating agency notes the strengths of Israel's economy, but sees current geopolitical risks as decisive.

Teva CEO Richard Francis credit: Teva Spokesperson Teva on course for 2027 targets

The Israeli pharmaceutical company's 3,000 layoffs will help the company achieve its targets for growth and higher profitability.

Bank of Israel  credit: Orit Deal Israel's forex reserves revalued at record high

Israel’s foreign exchange reserves at the end of April 2025 rose to $222.035 billion, an increase of $3.224 billion from their level at the end of March, the Bank of Israel reports.

Ministry of Finance Photo: Rafi Kutz State Comptroller uncovers misuse of gov't statutory funds

The funds, State Comptroller Matanyahu Englman finds, are used for purposes other than their original aims, sometimes as a small cash reserve to plug holes in the budget.

Cost of living credit: Tali Bogdansky Scant competition inflates Israel's food price hikes

Food price rises in Israel are outstripping wage rises and food price hikes in other OECD countries.

IDF reservists  credit: IDF spokesperson 2025 budget won't cover long campaign in Gaza

As the IDF drafts tens of thousands of reservists, the consequence could be higher taxes, more civilian spending cuts, and a wider deficit.

Israel flag Israel's population reaches 10.1m on Independence Day eve

The population has grown by 1.4% or 135,000 since last Independence Day.

IDF troops in Jabalia in the Gaza Strip  credit: IDF Spokesperson Israel military expenditure up 65% in 2024

According to the Stockholm International Peace Research Institute, this was the largest jump in Israel's military expenditure since the Six Day War of 1967.

Minister of Finance Bezalel Smotrich  credit: Noam Moskowitz, Knesset Spokesperson's Office Treasury tries new tactic on advanced training funds tax breaks

The plan is to include advanced training funds in a more general reform designed to equalize taxation for various savings programs.

NIS 200 bills credit: Shutterstock Cancellation of NIS 200 bill back on agenda

The government wants to cancel the bill as part of the war on Hamas, which is sitting on a mountain of Israeli cash, but the Bank of Israel is opposed.

Intel Haifa  credit: Shutterstock Intel layoffs in Israel will benefit rivals

Industry experts agree that Intel staff dismissed in Israel will have no trouble finding work at rivals like Nvidia, as happened during last year's layoffs.

Ministry of Finance Jerusalem credit: Shutterstock Treasury sees Trump's tariffs cutting Israel's GDP growth

Amid the uncertainty that still surrounds the level of tariffs that would ultimately be imposed on Israeli goods, the annual damage to growth is estimated by the Finance Ministry at less than 0.5% of GDP.

Intel Haifa development center credit: Shutterstock Intel to cut 20% of workforce - report

"Bloomberg" reports that new CEO Lip-Bu Tan will announce the layoffs this week.

Minister of Finance Bezalel Smotrich credit: Shlomi Yosef Israel formulates measures to cut planned US tariff

Two delegations will fly to Washington for talks on the matter with proposals including cutting bureaucracy for US imports.

Inflation  credit: Tali Bogdanovsky March CPI higher than expected, housing prices rise

The March reading brings annual inflation in Israel down to 3.3% from 3.4% at the end of February.

Relocation credit: Michal Raz-Haimovitz How to turn the tech relocation tide

With thousands of tech employees leaving Israel, the Innovation Authority proposes measures that could reverse the trend.

Tel Aviv credit: Shutterstock Tel Aviv slips in World's Wealthiest Cities ranking

Tel Aviv's position as one of the world's wealthiest cities took a big knock over the past year as it slipped from 42nd to 48th in investment advisors Henley & Co.'s "World's Wealthiest Cities" Top 50 ranking.

Leviathan platform  credit: Albatross C'ttee seen recommending no cut in gas exports

The Dayan committee on the future of the gas sector estimates that Israel's natural gas reserves will run out in 2045.

Accountant General Yali Rothenberg credit: Rafi Kutz Israel's fiscal deficit continues to narrow

The deficit narrowed in the twelve months to the end of March 2025, for the sixth consecutive month, Ministry of Finance accountant general Yali Rothenberg reported today.

Bank of Israel Governor Prof. Amir Yaron credit: Dani Shem Tov Knesset Spokesperson BoI Governor: US tariffs could push up inflation in Israel

Prof. Amir Yaron tells "Globes" that there is a risk that the new tariffs will cause inflation to rise in the US, with a knock-on effect for Israel.

US President Donald Trump and Prime Minister Benjamin Netanyahu April 7, 2025  credit: Avi Ohayon, Government Press Office Netanyahu fails to persuade Trump to remove tariff on Israel

Asked by reporters whether Israel would be exempted from his tariffs policy, US President Donald Trump replied, "Maybe not. Don’t forget we help Israel a lot."

Bank of Israel credit: Shutterstock Israel's forex reserves fell in March

Israel’s foreign exchange reserves at the end of March 2025 fell to $218.821 billion, a decrease of $1.433 billion from their level at the end of February, the Bank of Israel reports.

Bank of Israel Governor Prof. Amir Yaron credit: GPO BoI keeps rate unchanged, cuts growth forecast

The Bank of Israel is concerned about inflation, the escalation of the war in Gaza, which has raised Israel's risk premium, and the turmoil on global markets set off by the trade war.

High-tech credit: Shutterstock 8,300 tech employees left Israel after start of war

Amid increased relocation, Israel's tech workforce has contracted for the first time in over a decade, the Israel Innovation Authority reports.

Donald Trump  credit: Shutterstock Israel can't escape impact of tariffs

Even if Israel obtains relief from the tariff imposed on it by US President Trump, it will feel the global effects of the trade war, analysts say.

Shekel versus US dollar  credit: Tali Bogdanovsky US market slide shakes shekel

The shekel weakened significantly against both the US dollar and the euro at the opening of foreign exchange trading today.

Donald Trump and Benjamin Netanyahu credit: Avi Ohayon Netanyahu due in Washington to discuss tariffs

According to news website Axios, Prime Minister Benjamin Netanyahu will be the first leader to meet President Trump after the latter's announcement of sweeping import tariffs.

Minister of Finance Bezalel Smotrich credit: Shlomi Yosef Smotrich meets wrong man in Washington

Minister of Finance Bezalel Smotrich tried to persuade Secretary of the Treasury Scott Bessent to soften the tariff blow on Israel - only Bessent isn't responsible for the matter.

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