Cost of the elections is estimated at NIS 2.7 billion - 300 million more than in previous ones

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by Ifi Reporter Category:Politics Jun 21, 2022

The cost of the elections to the 25th Knesset, which was announced yesterday (Monday), is estimated at NIS 2.7 billion. It consists of the cost of the Sabbath, which stands at about NIS 1.5 billion, and an estimated cost of the Central Election Commission budget that will be NIS 1-0.8 billion (compared to about NIS 700 million in the elections to the 24th Knesset) and party funding that will stand at about NIS 200 million. . For comparison, the total cost of the previous elections was NIS 2.4 billion.
During the last four election campaigns, the parties took out loans, and now their debts stand at NIS 155 million. Following the early elections, the parties will try to freeze the continuation of the monthly repayment. Upon submission of the lists to the Central Election Commission 47 days before the election, the Knesset will transfer an election financing advance to each incumbent party. This is an advance of about one million shekels for each Knesset member. The Likud will receive about NIS 29 million. There is a future - NIS 17 million. Shas - NIS 9 million. Blue and white - NIS 8 million. The Labor Party, Torah Judaism, Yisrael Beiteinu, and religious Zionism - NIS 7 million each. Yisrael Beiteinu - NIS 6 million. Meretz, New Hope, right, and the joint list 6 million any one.
According to a law previously passed on the initiative of MK Dudi Amsalem (Likud), the Knesset will fund the race for the primaries of incumbent Knesset members, in parties that elect their representatives. According to estimates, each MK who runs for the Likud will receive about NIS 350,000 and at work - about NIS 200,000-250,000.
There are 28 Knesset members in the Likud who will run for a place on the party's list for the next Knesset. The cost to the state budget for financing their primaries is about NIS 9.8 million. Party chairman Benjamin Netanyahu is not entitled to state funding in running for the party leadership.
The Labor Party has 6 MKs (not including the chairman, Merav Michaeli). The cost to the state budget is about NIS 1.2 million. And in Meretz - 6 incumbent MKs will run - the cost is several hundred thousand shekels. There are 28 Knesset members in the Likud who will run for a place on the party's list for the next Knesset. The cost to the state budget for financing their primaries is about NIS 9.8 million. Party chairman Benjamin Netanyahu is not entitled to state funding in running for the party leadership.
The Labor Party has 6 MKs (not including the chairman, Merav Michaeli). The cost to the state budget is about NIS 1.2 million. And in Meretz - 6 incumbent MKs will run - the cost is several hundred thousand shekels.
Prime Minister Naftali Bennett will not be eligible for the bureau as a former prime minister after the end of his term. The length of Bennett's term is one year and two weeks and therefore he will not be entitled to a budget for the former prime minister.
Yair Lapid will enter the Prime Minister's Office next week after the enactment of the law to dissolve the Knesset. Lapid recently announced that he intends to move to the official residence on Balfour Street without renovations (of course after security arrangements are arranged). Routine maintenance and more) at his private home in Ramat Aviv in Tel Aviv.
The Knesset will probably be dispersed as early as Wednesday in a week. Assuming that the elections are held on October 25 or November 1, 2022, the MKs will take a break of at least four and a half months. The 25th Knesset will prepare two weeks after Election Day. During this period, Knesset members will continue to receive a monthly salary of NIS 45,000.
The new Knesset members who serve only during this term and will retire from the 24th Knesset will receive a modest adjustment grant of approximately NIS 11,000. The adjustment grant in the amount of a monthly salary of a Knesset member in the amount of NIS 45,000 is paid to retirees starting from the second year of office according to seniority. Since the current Knesset was established on April 6, 2021 and they are entitled to a grant starting from April 2022, then the MKs will receive an adjustment grant for only three months in office.
Veteran Knesset members who retire from the Knesset will receive an adjustment grant of up to NIS 270,000. This is a grant of NIS 45,000 for each year of tenure starting from the second year.

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