Capital Market

OECD published an optimistic forecast: GDP will grow 4.5% this year and 5% in 2022n 2022
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The OECD has published an optimistic forecast according to which the Israeli economy is expected to grow by 5% this year, and by 4.5% in 2022. Although current growth forecasts for the global economy (5.8%) and the countries of the organization (6.3%) are higher than for Israel, it is worth considering two additional data: The decline in Israel's GDP as a result of the corona crisis was lower than in the world and the West Of 3.5% and 4.8% respectively), but the expected growth rate next year is higher in Israel than in the rest of the world and the Western world (as mentioned, an increase...

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May 31, 2021

The average wage in Israel for local workers soared to a peak of NIS 12,740 in March
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seems that the economy is emerging from the corona crisis, but it seems that many low-wage earners have not yet returned to work, and as a result, the average wage in Israel for Israeli workers soared to a peak of NIS 12,740 in March. This is an increase of 5.5% compared to February, when the average salary was NIS 12,079. Even the wages of foreign workers soared to NIS 7,045, an increase of more than 10% compared to the previous month, when their wages were only NIS 6,316. From data from the Central Bureau of Statistics (CBS), it can be learned that the preference of quite a few workers...

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Jun 3, 2021

Consumer price index rose by 0.4% in May and Since the beginning of the year the index rose by 1.5%
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Prices continue to rise: The consumer price index rose by 0.4% in May, very close to various forecasts. Since the beginning of the year, the index has risen by 1.5%. This means that for the first time in two years, inflation in Israel - which reflects the rise in the index in the last 12 months - is within the target range (annual inflation of 1% -3%). Apartment prices, which are not part of the consumer price index, are also rising. Housing prices jumped by 1% in transactions made in March-April 2021, compared with February-March 2021. Since the beginning of the year, housing prices have...

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Jun 15, 2021

 Israel joins proposed digital economy taxation outline approval by the OECD
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At a meeting of the Finance Ministry's management this morning, Finance Minister Avigdor Lieberman announced that after a discussion with the ministry's professionals, he approved in principle Israel's joining the proposed digital economy taxation outline, ahead of the outline approval by the OECD designated committee on June 30, 2021. Lieberman: "The economy is becoming more and more global and we are required to take policy measures in cooperation with other countries. The Ministry of Finance will work to ensure that the Israeli economy meets international standards in various fields,...

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Jun 22, 2021

Recovery in Israel economic activity:  The deficit in the last 12 months decreased to10.1%
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The recovery in economic activity in Israel continues, according to two indices published today. The first is the Accountant General's announcement that the cumulative deficit in the last 12 months reached the end of June reached 10.1% in relation to GDP, which is NIS 144.6 billion, compared with 10.5% at the end of May. The second figure comes from another division of the Ministry of Finance, the Tax Authority, which reports an increase in imports to Israel, an increase that indicates an increase in private consumption. The Accountant General's announcement in the Treasury also shows...

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Jul 8, 2021

Finance minister Lieberman : Some Ultra Orthodox at 18 don't know the multiplication table
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The Minister of Finance, Avigdor Lieberman, rejected the harsh criticism leveled at him for his decision to introduce a criterion of exhausting earning capacity to subsidize day care centers as early as September - a move that will lead to the cessation of subsidies for 18,000 ultra-Orthodox families. "We did not invent the wheel," Lieberman told reporters at a special briefing with senior officials of his office ahead of the 2022-2021 budget. "I heard all the cries of the robbed Cossack. But we have done it twice already. Former Prime Minister Benjamin Netanyahu also did it in 2003 and in...

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Jul 13, 2021

Finance ministry estimates: Israel will end 2021 with a deficit of 6.8% and in 2022 with 3.9%
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Israel will end 2021 with a deficit of 6.8%, and 2022 with a deficit of 3.9%. After that, the reduced outline of the deficit will continue until 2026, when it will stand at 1.5%, according to the draft decision of the state budget, which the Ministry of Finance submitted to government members this morning. Towards the approval of the budget: The Ministry of Finance distributed to the government ministers the main points of the state budget, which includes the budget framework and the new deficit ceiling, along with the distribution of the budget according to government ministries and the...

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Jul 30, 2021

The government is expected to discuss the budget - A political majority is guaranteed
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The government is expected to discuss the budget bill tomorrow and it will approve it. This is the first time that the Israeli government has approved a budget in the last three years. A political majority for a budget is guaranteed after 17 government ministers pledged to support it. The ministers demand budget increases of NIS 12-14 billion a year, they will criticize various items, the discussion will continue until late at night until Monday morning, but in the end the budget must be approved by the government. It was initially planned to continue the budget discussions on Thursday,...

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Jul 31, 2021

Three years since the last budget Israeli government approved state budget for 2022-2021
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Three years since the last budget was approved, the Israeli government approved this morning (Monday), after a white night of heated discussions, the state budget for the years 2022-2021 - and later it will have to approve it in the Knesset as well. In light of the narrow coalition, the government is facing a significant problem ahead of the Knesset vote on the budget in mid-November - and in order to obtain a majority it will have to reach various "deals". The government discussed approving the budget from Sunday morning, went out for a break in the afternoon - and returned to discuss it...

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Aug 2, 2021

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