Tag: bank tax
-
Finance Ministry blasts IDF overspending—and unveils 2026 budget with new bank tax
Overview: A watershed moment in Israel’s 2026 budget planning The Finance Ministry released the guiding principles for Israel’s 2026 state budget, setting the stage for a political and budgetary showdown with the Defense Ministry. Senior treasury officials publicly accused the military of inefficiency and, in some descriptions, criminal-like practices of overspending. The debate highlights a…
-
Israel’s Budget Battle: Finance Ministry Targets IDF Overspending and Proposes Bank Tax for 2026
Overview of the 2026 Budget Framework The Finance Ministry released the core principles of Israel’s 2026 state budget this week, signaling a major shift in how the government plans to finance security, welfare, and infrastructure. The reform package aims to curb what senior treasury officials describe as excessive military expenditure and to diversify revenue streams…