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Wed. May 22nd, 2024

General Roni Hizkiyaf and Shaul Meridor.

General Roni Hizqiyaf, Treasury Accountant and Treasury Chief Budget Officer Shaul Meridor. Over the past year, the Treasury Department’s divisions of comptrollers and treasury secretaries have had to put aside their history of antagonism and join forces toward a common goal.Control large budget deficits. Three parliamentary elections a year have left Israel without a fully functioning government, and deficit topping has peaked at NIS14 billion (US$4.1 billion).

Accounting Secretary Roni Hizkiyaf and Budget Secretary Shaur Meridor decided to cut spending. Hizqiyaf has put himself in conflict with other ministries because he has ordered his staff, chief accountants from other ministries, to carry out the plan. Last year, Israel’s budget director had no budget to oversee. None of his predecessors faced this scenario for such a long time. In March, it will be two years since the Diet passed the budget bill, but it is not clear when the next budget bill will be passed.

The budget office, whose schedule usually revolves around annual budget bills, has been forced to adapt to new ways of working where most of its work is not immediate use. That doesn’t mean Meridor is resting. He blocked budget requests that appeared to be politically motivated while assisting courts in examining the state budget. Meridor has clashed with Treasury Secretary Shai Babad, who has survived three elections despite hinting at his resignation.

The Budget Office took advantage of Israel’s political deadlock to develop a plan to submit to the next administration. The ministry also said the next state budget would be “tough”.
So far, most of these plans have gone unnoticed by the public.

If they are released, the Treasury Department will likely face opposition, which pales in comparison to defense negotiations. Military Secretary Aviv Kochavi recently announced a five-year plan to improve Israel’s capabilities, pitting the Defense and Treasury Ministries once again.

Even if Meridor and Hizqiyaf overcome their budget deficits, they still face significant problems for their economies. Investments in infrastructure, especially in transportation, such as the Tel Aviv metropolitan area metro project. The project’s budget, estimated at 150 billion shekels, worries both sides

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By BUKAELLY

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