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](_blank)
. 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
Deputy ministers
See also
*Economy of Israel
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with ...
*Bank of Israel
The Bank of Israel (, ) 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.
The primary objective of the Bank of Israel is to ...
* Standard of living in Israel
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
Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Admin ...
*Ministry of Finance
Finance
Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Admin ...
Israel
Israel, officially the State of Israel, is a country in West Asia. It Borders of Israel, shares borders with Lebanon to the north, Syria to the north-east, Jordan to the east, Egypt to the south-west, and the Mediterranean Sea to the west. Isr ...