Budget

No-bid White House contract awarded for ballroom construction to tune of $500 b.

US President Donald Trump was directly involved in negotiating some costs for the ballroom, A Washington Post report said.

|ByREUTERS
Construction of the new White House ballroom continues as crews work to break down the Ultimate Fighting Championship Freedom 250 "Claw," a 92-foot-tall temporary stadium on the South Lawn, on June 28, 2026 in Washington, DC.
Britain's Prime Minister Keir Starmer and Poland's Prime Minister Donald Tusk meet with Polish and British military personnel at the Battle of Britain Bunker, as the countries formalise a UK-Poland security agreement, in Uxbridge, Britain, May 27, 2026.

Prime Minister Keir Starmer unveils £15 billion UK defense plan as legacy project

He acknowledged that new governments could "build" on his blueprint, and some critics said the plan, delayed for more than nine months, was too little, too late.

|ByREUTERS
Rises on the Tel Aviv Stock Exchange – Green Screens.

Your Investments: Getting back to basics for a secure financial future

From the spiritual to the mundane, when it comes to building wealth, too often, we forget the process.

|ByAARON KATSMAN
The Pentagon logo is seen behind the podium in the briefing room at the Pentagon in Arlington, Virginia, US, January 8, 2020.

Pentagon tells US lawmakers it needs $80 billion for Iran war costs, other bills - report

Deputy Defense Secretary Stephen Feinberg told lawmakers of the cost in phone calls earlier this week, according to the report.

|ByREUTERS, JERUSALEM POST STAFF

Will Israeli travel get more efficient?

Data in the State Comptroller’s report reveals that while the construction cost was indeed NIS 500 million, the real cost of the project is much higher.

NOVEMBER 21, 2024ByASAF ZAGRIZAK/GLOBES/TNS
Heavy traffic on the Ayalon South highway at the Moshe Dayan Interchange earlier this year.

New immigrants aren't statistics: They're an essential part of Israel's growth - opinion

Each oleh contributes not only to our workforce but also enriches our society with diverse perspectives, skills, and entrepreneurial spirit. 

NOVEMBER 7, 2024ByROBERT SINGER
THE ANIÈRES MECHINA scholarship program creates pathways for young, Jewish olim from challenging economic backgrounds to become leading engineers in Israel.

Second only to Ukraine: The cost of Israel's defense burden

Experts warn of economic impact as Israel’s defense budget reaches 6.5% of GDP.

NOVEMBER 5, 2024By DEAN SHMUEL ELMAS/GLOBES/TNS
Israeli prime minister Benjamin Netanyahu and Israeli Minister of Defense Yoav Galant attend vote on the state budget at the assembly hall of the Knesset, the Israeli parliament in Jerusalem, March 13, 2024.

Israel's budget shows that self-preservation tops government priorities - editorial

The 2025 budget ignores several crucial factors. The ramifications will likely have lasting detrimental effects on our world standing.

NOVEMBER 4, 2024ByJPOST EDITORIAL
Finance Minister Bezalel Smotrich speaks during a vote on the state budget at the assembly hall of the Knesset in Jerusalem, March 13, 2024.

Knesset approves Israel's 2025 budget despite threats of opposition

The national budget for 2025 will be around NIS 607.4 billion. The government has also approved budget adjustments totaling about NIS 37 billion.

NOVEMBER 1, 2024ByJERUSALEM POST STAFF, REUTERS
Finance Minister Bezalel Smotrich and National Security Minister Itamar Ben-Gvir. (Illustrative)

Government convenes for marathon 2025 budget debate

Smotrich said that "after victory," Israel's economy will see "fantastic returns" for years. He did not detail what "victory" entailed or when it would be achieved.

OCTOBER 31, 2024ByELIAV BREUER
Minister of Finance Bezalel Smotrich speaks with Minister of Innovation, Science and Technology Ofir Akunis during a vote on the state budget at the assembly hall of the Knesset, the Israeli parliament in Jerusalem, March 13, 2024.

Govt economic plan includes slashing benefits for olim worth over NIS 500,000

A 10% increase in benefits for olim will be worth less.

OCTOBER 30, 2024ByELIAV BREUER
Olim on the 64th Nefesh B’Nefesh charter flight pose with organization’s Co-founders Rabbi Yehoshua Fass and Tony Gelbart; Minister of Aliyah and Integration, Ofir Sofer; and Director-General of the Ministry of Aliyah and Integration, Avichai Kahana.

Smotrich is 'arrogant': Ben-Gvir lashes out at finance minister after budget clash

These comments follow the return of the Knesset for winter session and reports regarding budget cuts for certain ministries.

OCTOBER 30, 2024ByJERUSALEM POST STAFF
Itamar Ben-Gvir and Bezalel Smotrich attend a plenum session on forming the government, in the Israeli parliament, on December 29, 2022.

Welfare, wage, and ministry cuts: Treasury unveils plan for 2025 budget

The budget outline includes closing five ministries and numerous budget cuts to ministries, which may bring resistance from ministers and slow its passage through the Knesset.

OCTOBER 30, 2024ByELIAV BREUER, EVE YOUNG
FINANCE MINISTER Bezalel Smotrich speaks at a news conference at the Finance Ministry in Jerusalem, last week.

Iran's military budget is growing: What does that mean for the Middle East? - analysis

Iran wants to increase the accuracy of its range and the overall number of its ballistic missiles.

OCTOBER 29, 2024BySETH J. FRANTZMAN
Iranian armed forces members march during a ceremony of the National Army Day parade in Tehran, Iran April 18, 2022