Articles

The Minister of Finance, Avigdor Lieberman, has decided to increase the income supplement for seniors. The benefit will increase by almost NIS 500 per person. The Ministry of Finance says that the move means that exercising the rights to receive income supplementation will allow the elderly to receive income above the poverty line. Income supplement is paid to adults whose income is low, usually without a pension, and who are mainly based on an old-age pension. The average benefit today is NIS 3,230 per person per month, and will now increase to at least NIS 3,710 per month. This amount is...

The monthly review of the chief economist at the Ministry of Finance, Shira Greenberg, published, reveals unsurprising data for May, when there was another increase in the purchase of apartments throughout Israel. In May, 12.5 thousand apartments were purchased, an increase of 40% compared to May 2019 and an increase of 15% compared to last April. Comparing the level of transactions in the free market last May to its counterparts in the last twenty years, it is found that this is the second highest level, and is only ahead of the level of sales in May 2013. In the market segment of new...

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...

Friday morning, President Yitzhak Herzog and his wife Michal received the third vaccine against Corona virus. "This is a very important step for the sake of social solidarity in the State of Israel," said President Herzog at the opening of the campaign to receive the complementary dose at Sheba Hospital in Tel Hashomer. "We are launching, we are launching a vaccination campaign to protect the adults in the State of Israel," said Prime Minister Naftali Bennett, who accompanied the Herzog couple. "From today there is a new mitzvah - Hassan your father and mother for the sake of prolonging...

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 increase in the number of corona patients in a difficult situation continues: data from the Ministry of Health show that 201 critically ill patients are hospitalized tonight (Saturday) in hospitals across the country, compared with 168 in the update before Shabbat. This is the highest number of serious patients since mid-April. There has also been an increase in the number of respirators and their number now stands at 31. Data from the Ministry of Health show that yesterday 2,435 positive for the virus were diagnosed in Israel and today another 1,589 were diagnosed. That means over the...

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...

A huge fire broke out today (Tuesday) in the Jerusalem area, near the village of Shoresh and Road No. 1 (Jerusalem-Tel Aviv Road). Suspected arson. Following the fire, Shoresh's first line of houses, on Harimon Street, was evacuated - as was the gas station complex and the nearby commercial center. Later, residents of the first line of houses in the locality of Shoeva, on Hahoresh Street, were also evacuated to an absorption center in Kiryat Anavim. In addition, in both localities, electricity was cut off, in order to avoid the danger of electric shock

The Corona Cabinet decided on Tuesday evening to impose further restrictions on the public in view of the increase in Corona morbidity, including the expansion of the green label outline. The public will be required to wear masks even in open spaces during gatherings. The list of countries from which returnees will be required to enter isolation has been expanded, even if we have been vaccinated before leaving for them. Most of the decisions will take effect next Sunday, August 8th. During the discussion, some of the ministers raised the possibility that another closure would be imposed on...

The average wage in the economy last May was NIS 11,300 gross, a decrease of 3% compared to April this year. This is according to data from the Central Bureau of Statistics. The number of jobs in May was 3.552 million, an increase of 15.5% compared to the same period last year and an increase of 1.1% compared to the previous month. The continued decline in the average wage in the economy can be attributed to the return of weaker workers to the labor market. Most of the laid off or workers who were expelled from the IDF were in occupations where the monthly income was low, especially in the...