Israel's Next Finance Minister: Key Candidates Emerge Amidst Economic Challenges

The role of Israel's Finance Minister is exceptionally demanding, particularly due to the significant portion of the national budget allocated to defense, which could reach approximately 200 billion shekels this year, nearly a third of the total 660 billion shekel budget. This immense fiscal pressure, exacerbated by three years of war, makes the position a pinnacle of power, as historically illustrated by Pinhas Sapir's reluctance to relinquish control.

As the next government formation looms, several potential candidates are being considered for the crucial Finance Minister portfolio. The selection process is often influenced by coalition dynamics rather than solely by the largest party's choice, as seen with the current minister, Bezalel Smotrich, who does not hail from a major party.

Among the prominent contenders are professionals and experienced regulators. Shaul Meridor, former head of the budget department at the Finance Ministry, is a strong candidate for a professional appointment, especially if the "Yashar!" party forms the government. MK Orit Farkash-Hacohen, a seasoned legislator and former minister, is also considered a strong possibility, particularly in coalition compromises.

From the Likud party, current Energy Minister Eli Cohen, a certified public accountant, is a leading contender, having openly expressed his ambition for the role and topping the party's primaries. Former Jerusalem Mayor and tech entrepreneur Nir Barkat, despite past aspirations and Netanyahu's initial consideration, faces diminished chances due to strained relations with Netanyahu's inner circle.

Other notable figures include Karin Turmer-Eyal, a highly regarded professional who previously served as Director-General of the Finance and Transportation Ministries, and is positioned as a top candidate for the "Bayit Yehudi" (Bennett-Lapid) bloc. Former Finance Minister Avigdor Lieberman is also a strong contender, leveraging his prior experience and political acumen to potentially secure the portfolio as a coalition stabilizer.

From the left, MK Naama Lazimi is a prominent figure, though her chances are considered lower due to the portfolio typically being reserved for larger parties or key coalition partners. The incumbent, Bezalel Smotrich, faces low prospects for reappointment due to his party's current polling numbers and political pressures, despite his claims of responsible fiscal management.