Israel’s Budget Crisis: Smotrich’s Tenure Test?

Knesset Finance Committee Begins Debate on Israel’s 2024 Budget, amid Opposition and Economic Concerns

The Knesset Finance Committee has commenced discussions on the government’s proposal for a renewed 2024 budget, with Finance Minister Bezalel Smotrich present. The original budget for 2024, approved in May 2023, has become irrelevant due to increased government spending and dwindling income following Israel’s conflict with Hamas. Israeli law mandates the presentation of a renewed budget. After passing its first reading in the Knesset, the budget now faces a series of debates and subsequent voting before the final decision.