The Israeli Ministry of Finance ( he, מִשְׂרַד הָאוֹצָר, ''Misrad HaOtzar'') 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](_blank)
. Ministry of Finance Website.
The Finance Ministry is headed by the Finance Minister, currently Avigdor Lieberman
Avigdor Lieberman (, ; russian: Эве́т Льво́вич Ли́берман, Evet Lvovich Liberman, ; born 5 June 1958) is a Soviet-born Israeli politician serving as Minister of Finance since 2021, having previously served twice as Deput ...
. 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
A revenue service, revenue agency or taxation authority is a government agency responsible for the intake of government revenue, including taxes and sometimes non-tax revenue. Depending on the jurisdiction, revenue services may be charged with ...
, 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
Deputy ministers
See also
*Economy of Israel
The economy of Israel is a developed free-market economy. The prosperity of Israel's advanced economy allows the country to have a sophisticated welfare state, a powerful modern military said to possess a nuclear-weapons capability, modern i ...
*Bank of Israel
The Bank of Israel ( he, בנק ישראל, ar, بنك إسرائيل) is the central bank of Israel. The bank's headquarters is located in Kiryat HaMemshala in Jerusalem with a branch office in Tel Aviv. The current governor is Amir Yaron.
T ...
*Standard of living in Israel
Israel's standard of living is significantly higher than all of the other countries in the region and equal to Western European countries, and is comparable to that of other highly developed countries. Israel was ranked 19th out of 189 countries o ...
References
External links
Israeli Ministry of Finance
Israeli Ministry of Finance
Past Ministers at Finance IsraelAll Ministers in the Ministry of Finance
Knesset website
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Finance
*Ministry of Finance
Finance
Israel
Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated ...