Haredi City Treasurer Fights to Pay Salaries Amid Funding Crisis
The treasurer of the city of Modi'in Illit, Avi Eden, revealed a severe cash flow crisis facing the municipality and its leadership. Speaking at a celebratory event, Eden stated that the Ministry of Interior owes the city NIS 15 million from the fund for reducing gaps, but the funds have not yet been transferred.
"I am fighting tooth and nail every month" to meet payroll, Eden declared, highlighting the ongoing struggle to secure necessary funds. The city is experiencing significant financial distress, requiring constant efforts to manage its budget and ensure essential services, including salary payments, can be met.
The treasurer's remarks underscore the precarious financial situation, with the city's ability to meet its obligations dependent on the timely release of funds from the Ministry of Interior. The delay in payment exacerbates the existing cash flow problems, making monthly financial management a significant challenge.
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