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Gad Lior

Israel weighs sweeping budget cuts before election to salvage failed $1 billion Apache deal

Finance Ministry considers cuts of 1 billion to 3 billion shekels across government ministries to fund urgent defense needs, potentially reviving the purchase of 12 US attack helicopters; Netanyahu's approval and legal clearance are still pending

Gad Lior | 10.12.26

Israel weighs new fuel discount as gas hits yet another record

Smotrich seeks another 50-agorot cut after prices hit record 8.27 shekels per liter; officials warn tax relief could deepen fiscal strain

Calcalist, Gad Lior | 10.01.26

Taxing AI could backfire on Israel, Finance Ministry warns

Ministry warns taxes on AI agents, robots and computing could hurt growth, urging competitive corporate rates and broader tax reform

Gad Lior | 09.29.26

Israel to approve $4.9B for IDF rearmament less than 5 weeks before election

Coalition and opposition back defense transfer for weapons and reservists, while another $8.3B request remains stalled over a Netanyahu-Lapid funding dispute

Gad Lior | 09.22.26

Democracy isn’t cheap: Election Day will cost Israel $1.3 billion. Here’s why

Oct. 27 election will cost billions, driven by double pay for workers, a daylong economic shutdown and election and party funding

Gad Lior | 09.18.26

Israel defense budget fight deepens as 15 billion shekels remain stuck in Knesset

Treasury says urgent defense needs are already funded and accuses the ministry of mismanagement, while warning demands to raise spending to 183 billion shekels could weaken Israel’s ability to finance future wars

Gad Lior | 09.15.26

Naftali Bennett, Avigdor Liberman, Benjamin Netanyahu and Gadi Eisenkot

War cost Israel half a trillion shekels. Who will tell voters what comes next?

War costs, a growing defense budget and weak growth will force the next government into tough choices, but election campaigns favor security and unity, leaving tax hikes and spending cuts for the day after

Gad Lior | 09.15.26

Israel weighs ending mandatory pension payments for workers under 40

National Economic Council chief Avi Simhon argues the overhaul would better align pension saving with workers’ life-cycle needs; critics warn it could erode retirement savings and question its rollout just six weeks before the election

Gad Lior | 09.14.26

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