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Judea and Samaria sector warms up, in parallel with the continuation of the operation in Gaza: 9 Palestinians were killed on Friday, according to the Palestinian Authority's official news agency, in clashes with IDF forces across Judea and Samaria. He was wounded in the hospital earlier in the day by a terrorist who tried to run over and stab soldiers near Ofra in Binyamin. In an attempt to ignite the fire in the West Bank as well, Hamas military wing spokesman Abu Obeida sent a message to West Bank residents: "Congratulations on your uprising. Ignite the land under the feet of the...

The Ministry of Finance will assist in a particularly limited program with the exception of the self-employed who were partially injured as a result of the spread of the Omicron strain in the past two months. The pressure of small and medium-sized self employed businesses did not seem to help. Finance Minister Avigdor Lieberman announced in the Knesset that the outline formulated by the Ministry of Finance to assist small and medium-sized businesses up to a turnover of NIS 60 million per year will be limited and will include maximum assistance of NIS 600,000 only for businesses damaged by...

The price of the economic corona: The government debt has reached almost a trillion shekels. In 2020, government debt increased by about 20% and stood at NIS 984 billion each, compared to NIS 823 billion last year. The government deficit more than tripled during 2020 and has reached unprecedented proportions since the 1980s. Add to this the dramatic drop in tax revenues recorded at the beginning of the crisis and the ongoing budget, it will be possible to understand the magnitude of the event that took place in the offices of the Accountant General Unit, responsible for providing funding...

The chief economist at the Ministry of Finance predicts that 2022 will end with a revenue surplus of NIS 70 billion compared to the projected revenues when preparing the state budget. According to the latest macroeconomic forecast of the Chief Economist, all revenues in 2022 will amount to NIS 456.6 billion, compared to a forecast of revenues of only NIS 387 billion when preparing the state budget. This surplus, mainly due to an increase in tax revenues, led to a significant reduction in the deficit, which in May reached almost 0% relative to GDP. The surplus revenue is what has allowed...

A review by the chief economist at the Ministry of Finance indicates that in Israel, the corona crisis did not lead to a wave of resignations and a mass exit from the labor market. According to the review, as of June 2022, the employment and participation rates in Israel have somewhat exceeded their pre-crisis level. The employment rate of those aged 15 and over in June 2022 was 61%, 0.1 percentage point higher than before the crisis, and the participation rate (63.4%) exceeded its pre-crisis level by half a percentage point. Nominally, the number of participants in the labor market in June...

Significant news for Holocaust survivors: Their annual pension will increase by more than NIS 2,500. A memorandum of law to increase the annual grant for Holocaust survivors has been circulated for public comment. As part of the budget discussions, Deputy Prime Minister Yair Lapid, Finance Minister Avigdor Lieberman and Minister of Social Equality Meirav Cohen agreed to increase the annual grant for Holocaust survivors. Today, the Ministry of Finance raised for public comments a memorandum of law stating that the annual grant transferred to Holocaust survivors will increase to the amount of...

U.S. President Joe Biden, pausing from political pressures to bask in the glow of the cosmos, on Monday released the debut photo from NASA's James Webb Space Telescope - an image of a galaxy cluster revealing the most detailed glimpse of the early universe ever seen. Reuters reports that the White House sneak peek of Webb's first high-resolution, full-color image came on the eve of a larger unveiling of photos and spectrographic data that NASA plans to showcase on Tuesday at the Goddard Space Flight Center in suburban Maryland. The $9 billion Webb observatory, the largest and most...

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,...

The Knesset's Education Committee approved the curriculum, which the ministers voted on earlier on Thursday. The health system fears the decision to require all students to perform rapid home corona tests before returning to school after Sukkot, and to require their parents to make a statement regarding the test results. Back from the Sukkot holiday it is mandatory to present a statement on a negative corona test. A student who does not present the statement at the school gate will be admitted - but will be removed from the students. Teaching teams will be charged with a green mark or a...