Government

The IAI Board of Directors (IAI) approved a huge dividend of NIS 655 million for the country - the highest in the company's history. It should be noted that the dividend is distributed from the balance of the company's dividend payable, which stands at $ 398 million - approximately NIS 1.4 billion. In 2019, IAI distributed a dividend of NIS 140 million, and since then it has improved its results.

The emergency discussion on the issue of raising the price of bread ended without decisions. At the beginning of the debate, which took place on Sunday at the initiative of Prime Minister Yair Lapid, he announced that the purpose of the debate is "a complete halt to the rise in the price of uniform bread." During the discussion, a number of economic and legislative proposals were raised on how to reach agreements. Prime Minister Lapid ordered the head of the budget department in the Ministry of Finance to return within three days for another discussion, with the formulation of the best way...

Interior Minister Ayelet Shaked announced on Thursday that she intends to restrict the work of Ukrainian refugees in 17 cities across the country starting August 1. This restriction is in accordance with the new procedure of the Population Authority regarding the employment of asylum seekers, which was published in Haaretz a month ago. Shaked's announcement comes against the background of the High Court's decision to allow the entry of Ukrainian citizens

The accumulated surplus in the last 12 months in the state budget reached 10 billion shekels in July, and the rate of surplus in the state budget in relation to the GDP reached 0.6% of the domestic GDP - this was announced by the Economic Accountant Division of the Ministry of Finance. The surplus in the budget, for the second month in a row, is due to an increase of more than 20% in the state's revenues from the beginning of the year, compared to the corresponding period in 2021, to NIS 280 billion. The chief economist at the Ministry of Finance recently re-evaluated the state's revenue...

The unemployment rate in Israel increased slightly in July, but it is still low: from the data published by the Central Bureau of Statistics (CBS), it appears that the narrow unemployment rate increased in July to 3.7%, which is 159.5 thousand people, compared to a rate of 3.4% measured in June, which is 146.5 A thousand job seekers. Meanwhile, the employment rate also decreased, from 61.2% in the previous month to 60.9%, which is 4,195,800 employed. However, the number of unemployed and the unemployment rate are still lower than on the eve of the Corona crisis at the beginning of 2020

Less than two weeks before the start of school, negotiations between the Ministry of Education and the Teachers' Union, which represents elementary and middle school teachers, are still stuck. Both sides are intensifying the tone towards September 1, and the pressure in the corridors of government is increasing in an attempt to prevent a strike - certainly during an election period. Now the Ministry of Finance presents another offer for teachers, the third in number. In the core controversial issues—mainly the starting salary of teachers—the Treasury did not improve its proposal. The...

The Cyber, Emergency and Security Unit and the Chief Economist Division at the Ministry of Finance continue to strengthen the long-standing relationship and cooperation with the US. Further to the meeting of Finance Minister Lieberman with the US Deputy Treasury Secretary, Wally Adeyemo, in November 2021, in which they discussed the need to strengthen the resilience of systems, organizations financial and deepening cooperation on the subject, today (Tuesday) a cooperation agreement (MOU) in the cyber-financial field was signed between the ministries of finance of Israel and the USA. On the...

The Innovation Authority and the Ministry of Economy and Industry are launching an innovative aid track to increase research collaborations between manufacturing companies and academic institutions, to the extent of NIS 4 million The track will allow manufacturing-oriented industrial companies to order studies from the leading research institutions in Israel in a way that will allow the local industry to incorporate groundbreaking knowledge into products and production processes, advance to the forefront of industrial innovation and take leading positions in global markets

The average budget for a state-religious high school student in 2021 was NIS 41,400 - 26% more than the budget for a state high school student, which was over NIS 32,800. This was the gap in 2020 as well - thereby maintaining the large gap between the two sectors this year as well. This is according to the "Budgetary Transparency" presentation for 2021 published today (Sunday) by the Ministry of Education. These disparities are the result of the period in which ministers from the religious parties ruled the ministry, between 2015 and 2020 - first Naftali Bennett and then Rafi Peretz - who...

The approaching holidays mark not only the massive departure of Israelis abroad, but also the arrival of tourists who return to flood the streets of the cities. However, despite a considerable recovery in the arrival of tourists, the inbound tourism industry reports that they are still not arriving here in the numbers they were before the corona virus - while Israelis are flocking abroad in droves, and the figures are already equaling, and even surpassing, the numbers before the crisis. The number of tourists reaches 60%-70% of their number before the crisis. According to data from the...