Full coverage· Politics· Updated
Israeli Finance Minister Promises Budget Cut Reversal Without Revealing Funding Source
Israel's government approved a NIS 2.6 billion budget cut, but Finance Minister Bezalel Smotrich promised it would be reversed, citing an undisclosed funding source. Ministry officials initially protested the cut, calling it "impossible" and harmful to vulnerable populations.
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What happened
- 01Finance Minister Bezalel Smotrich promised a NIS 2.6 billion budget cut would be reversed, citing an undisclosed source.
- 02Ministry officials initially warned the sweeping budget cut would have severe negative consequences.
- 03The Finance Ministry has used the "secret source" to criticize the Ministry of Defense.
- 04Some officials have called the cut a "fake cut" due to the promise of reversal.
- 05The exact nature of the funding source remains unknown and is being closely guarded.
- 06Speculation suggests the reversal may involve reopening the budget after the upcoming elections.
The promise of reversal has eased some concerns, though skepticism remains about the "secret source" of the funds. The exact nature of the funding and the timing of the reversal are unclear, with speculation pointing to post-election budget adjustments or potential military operations.
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