The Israeli Ministry of Finance () is the main economic ministry of the Government of Israel. It is responsible for planning and implementing the Government's overall economic policy, as well as setting targets for fiscal policy, preparing the draft State Budget and monitoring implementation of the approved budget. The ministry also manages state revenues, collects direct and indirect taxes and promotes nonresident investments. In addition, the ministry conducts economic relations with foreign governments, economic organizations and the international community. The ministry regulates the state owned companies sector and the capital market, savings and insurance.About the Ministry of Finance Ministry of Finance The ministry is also responsible for auxiliary units for government ministries in motor vehicles, computer services, printing and government procurement.About the Ministry of Finance . Ministry of Finance Website.
The Finance Ministry is headed by the finance minister, currently Bezalel Smotrich. There is also occasionally a deputy minister of finance. The permanent staff of the ministry include the director general, the department directors responsible for the Budget Department, the accountant general, the Wage and Labor Agreements Department and the accreditation units (the Tax Authority, the Government Companies Authority, the Capital Market, Insurance, and Savings Authority and the Governmental Printer).
Main functions The units of the Ministry of Finance may be categorized by the three types of service they provide:
Government staff services – departments that act on behalf of units and operations of the government: budgeting of government operations (Budget Department), operations of the Accountant General, regulation of the state-owned companies (Government Companies Authority), economic services in the United States, and control and auditing of Finance Ministry operations (Internal Audit Unit). General economic staff services – departments that act in matters pertaining to the economy at large: management of state revenues (State Revenue Administration), and regulation of the capital market, insurance, and savings (Capital Market, Insurance, and Savings Department). The Tax Authority implements the Income Tax and Property Tax ordinances, Customs, and VAT. Auxiliary services for government ministries – motor-vehicle services (Government Vehicle Administration), computer services for the tax departments (Computer Service), printing (the Government Printer, a business enterprise owned by the Ministry of Finance) and Government Procurement Administration.
List of ministers #MinisterPartyGovernmentTerm startTerm endNotes1Eliezer KaplanMapaiP, 1, 2, 314 May 194825 June 19522Levi EshkolMapai3, 4, 5, 6, 7, 8, 9, 1025 June 195226 June 19633Pinchas SapirMapaiAlignmentLabor Party11, 12, 1326 June 19635 August 19684Ze'ev SherfAlignment13, 145 August 196815 December 1969–Pinchas SapirAlignment15, 1615 December 19693 June 19745Yehoshua RabinovitzAlignment173 June 197420 June 19776Simha ErlichLikud1820 June 19777 November 19797Yigal HurvitzLikud187 November 197913 January 19818Yoram AridorLikud18, 19, 2021 January 198115 October 19839Yigal Cohen-OrgadLikud2018 October 198313 September 198410Yitzhak Moda'iLikud2113 September 198416 April 198611Moshe NissimLikud21, 2216 April 198622 December 198812Shimon PeresAlignment2322 December 198815 March 199013Yitzhak ShamirLikud2315 March 199011 June 1990Serving Prime Minister–Yitzhak Moda'iNew Liberal Party2411 June 199013 July 199214Avraham ShochatLabor Party25, 2613 July 199218 June 199615Dan MeridorLikud2718 June 199620 June 199716Benjamin NetanyahuLikud2720 June 19979 July 1997Serving Prime Minister17Yaakov NeemanLikud279 July 199718 December 1998–Benjamin NetanyahuLikud2718 December 199823 February 1999Serving Prime Minister18Meir SheetritLikud2723 February 19996 July 1999–Avraham ShochatOne Israel286 July 19997 March 200119Silvan ShalomLikud297 March 200128 February 2003–Benjamin NetanyahuLikud3028 February 20039 August 200520Ehud OlmertLikudKadima309 August 20057 November 200521Avraham HirschsonKadima314 May 200622 April 2007–Ehud OlmertKadima3122 April 20074 July 2007Serving Prime Minister22Roni Bar-OnKadima314 July 200731 March 200923Yuval SteinitzLikud3231 March 200918 March 201324Yair LapidYesh Atid3318 March 20132 December 2014–Benjamin NetanyahuLikud332 December 201414 May 2015Serving Prime Minister25Moshe KahlonKulanu, Likud3414 May 2015 17 May 2020 26Israel KatzLikud3517 May 202013 June 2021 27Avigdor LiebermanYisrael Beiteinu3613 June 2021 29 December 202228Bezalel SmotrichReligious Zionist3729 December 2022
Deputy ministers #MinisterPartyGovernmentTerm startTerm end1Yitzhak CorenMapai10 30 May 196226 June 19632Zvi DinsteinAlignmentLabor PartyAlignment13, 1424 July 196715 December 1969 –Zvi DinsteinAlignment1522 December 196910 March 19743Yehezkel FlominLikud1828 June 197730 July 19794Haim KaufmanLikud19, 2028 August 198113 September 19845Adiel AmoraiAlignment21, 22 24 September 198422 December 19886Yossi BeilinAlignment2326 December 198811 June 19907Yosef AzranShas242 July 199013 July 19928Rafael PinhasiShas254 August 199231 December 19929David MagenLikud2718 June 199620 May 199710Nissim DahanShas285 August 199911 July 200011Yitzhak CohenShas292 May 200120 May 2002–Yitzhak CohenShas293 June 200228 February 2003–Yitzhak CohenShas321 April 200918 March 201312Mickey LevyYesh Atid3318 March 20134 December 2014–Yitzhak CohenShas34, 3519 May 201514 October 2020
See also Economy of Israel Bank of Israel Standard of living in Israel
References
External links Israeli Ministry of Finance Israeli Ministry of Finance Past Ministers at Finance Israel All Ministers in the Ministry of Finance Knesset website