Formed 1948 Annual budget 1.96 billion NIS | Jurisdiction Government of Israel | |
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Website www.financeisrael.mof.gov.il |
The Israeli Ministry of Finance (Hebrew: מִשְׂרַד הַאוֹצָר, Misrad HaOtzar) is a part of the Israeli political system. It is responsible for planning and implementing the Government of Israel’s overall economic policy.
The Ministry prepares the draft State Budget and monitors implementation of the approved budget, manages state revenues and collects direct and indirect taxes, manages the deficit and conducts the Government’s economic relations with foreign governments, regulates the capital market, savings and insurance and maintains auxiliary units for government ministries in motor vehicles, computer services, printing and government procurement.
The current Finance Minister is Moshe Kahlon.
Main functions
The units of the Ministry of Finance may be categorized by the three types of service they provide: