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Gad Lior

Israel crushes deficit target as tax boom fuels postwar rebound

Rolling 12-month deficit falls to 3.2% of GDP as state revenues jump 11.5%, though billions in promised defense spending could reverse the trend

Gad Lior | 09.08.26

Netanyahu stalls NIS 25-30 billion defense budget boost as IDF warns of readiness crisis

Finance Ministry says it is still waiting for Netanyahu to set the final sum, leaving the urgent increase frozen as the election nears and military officials warn preparedness is 'on the brink of an abyss'

Gad Lior | 09.08.26

Bank of Israel cuts interest rate to 3.25% in surprise move

The quarter-point cut is the fourth since the start of 2026 and the third in a row, as annual inflation falls to 1.5% and a strong shekel helps curb price pressures

Gad Lior | 09.01.26

On edge of the abyss? Treasury warns IDF spending could swallow a third of Israel’s budget

Finance Ministry rejects military warnings of ‘empty coffers,’ saying NIS 15 billion is awaiting Knesset approval and accusing defense chiefs of wasteful spending

Gad Lior | 08.31.26

Israel gasoline price rises to record 8.25 shekels per liter

Price of 95-octane gasoline will rise by 16 agorot at midnight Monday, matching the all-time high first recorded in 2012; higher global fuel prices, taxes and marketing costs drove the increase

Gad Lior | 08.30.26

Drivers get High Holiday relief as gas prices set to fall after August spike

Pump prices are expected to fall about 25 agorot per liter Monday night as oil prices ease, though August’s surge may still keep inflation high enough to delay another rate cut

Gad Lior | 08.27.26

The workers who built Israeli industry are retiring. Who will replace them?

Some 41,600 industrial workers who arrived in Israel during the 1990s immigration wave from the former Soviet Union are now 55 or older, raising fears of a major loss of skilled labor and decades of accumulated expertise

Gad Lior | 08.27.26

For your eyes only: what do Israel’s soldiers, spies and police really earn?

Finance Ministry data show junior IDF pay jumped 17% in two years, civilian employees averaged NIS 22,926 a month and major generals topped NIS 73,000; but how much do Mossad and Shin Bet staff earn?

Gad Lior | 08.26.26

Month of reserve duty costs Israel up to $23,000 per soldier

Treasury report finds the burden falls overwhelmingly on non-Haredi Jewish men ages 25-44, who tend to earn more, have young children and are more likely to be students than their peers

Gad Lior | 08.25.26

Haredi children: No daycare subsidies for them if their father is a draft dodger

Draft evaders will no longer receive daycare subsidies, even if they are employed

Family in which father is defined as IDF deserter won't be eligible for subsidy even if he is employed, self-employed or salaried, presents pay stubs and pays taxes; All yeshivas harboring draft dodging students will not be able to grant donors tax deductions

Gad Lior, Shilo Freid | 08.24.26

מתוך הסרטון של בנימין נתניהו ובצלאל סמוטריץ'

Netanyahu’s spending spree leaves the next government facing austerity

Years of war spending, budget overruns and vast new defense commitments leave the next government facing tax hikes, canceled exemptions and billions more needed for health, education, welfare and infrastructure

Gad Lior | 08.23.26

Budget ceiling will be breached so defense can receive additional 25 billion shekel

Despite Knesset recess, Netanyahu and Smotrich agreed to fund urgent purchase of weapons and ammunition for the IDF; Must receive attorney general's approval, and votes in the Finance Committee, plenum and government; Opposition claims it's 'election economics'

Gad Lior | 08.19.26

Israel redirects Intel funds in urgent 1 billion shekel boost to buy munitions

Government approves emergency transfer for immediate military procurement, with 850 million shekels coming from funds earmarked for Intel’s frozen southern Israel plant and another 150 million shekels from budget decisions that have not been implemented this year

Gad Lior, Moran Azulay | 08.09.26

Israel gas price set to surge to near historic high at 8.09 shekels per liter

The increase, driven by higher global gasoline prices and a stronger dollar, takes effect at midnight, with full-service fueling costing an additional 25 agorot per liter

Gad Lior | 07.30.26

Israel property tax hikes could reach 33% in 2027

Municipalities seek increases beyond the automatic 3.05% adjustment, with Nazareth requesting the steepest rise for homes and businesses

Gad Lior | 07.30.26