Category: Smotrich
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Smotrich reduces hike on EV purchase tax
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Finance Minister Bezalel Smotrich has instructed officials to halt the sharp increase in the purchase tax on electric cars, which was scheduled to take effect next month, the Finance Ministry announced today. Instead of raising the tax from 35% to 83%, the tax will now rise to only 45%. The…
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Smotrich seeks to loosen Budget Division’s grip on gov’t
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At the beginning of this week, and against the backdrop of setting the date for approval of the 2025 budget by the government, Finance Minister Bezalel Smotrich sent a letter to the head of the Budgets Division in his ministry, Yogev Grados, in which he stated that he outlines his…
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Smotrich on Moody’s downgrade: Israel’s economy is strong
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Finance Minister Bezalel Smotrich gave an initial reaction last night to the downgrade of Israel’s sovereign rating by Moody’s to Baa1. In his statement, Bezalel tries to soften the blow, promising to pass the budget, hinting at planned austerity measures, perhaps in an attempt to send a signal to other…
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Smotrich asks Histadrut to save him billions, but offers gesture
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Finance Minister Bezalel Smotrich and Histadrut Chairman Arnon Bar-David met today to discuss the Finance Ministry’s plans for the 2025 budget, some of which conflict with the interests of the labor organization and will require its approval. The main point raised is the Finance Ministry’s intention to save NIS 8…
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Smotrich tells budgets chief to speed up
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Finance Minister Bezalel Smotrich sent a strongly worded letter over the weekend to Budget Commissioner Yogev Grados, demanding fundamental changes in the way the state budget for 2025 is prepared. “I would like to ask you to set timelines much faster than those you have proposed,” Smotrich wrote. He directed…