Story perspectives

Knesset Approves Controversial 2026 Budget Amid Haredi Opposition

1/31/2026

Summary

Story summary

The Knesset approved the first reading of the 2026 state budget in a 62-55 vote.
The budget totals NIS 811.74 billion, including NIS 112 billion for defense, with a 3.9% deficit target.
Ultra-Orthodox parties threaten to oppose the budget over the haredi draft law, and readings are due by March 31, 2026.
Finance Minister Bezalel Smotrich praised the budget, declaring Israel's economic strength, while opposition leader Yair Lapid criticized it as wasteful.

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Story summary

The Knesset approved the first reading of the 2026 state budget in a 62-55 vote.
The budget totals NIS 811.74 billion, including NIS 112 billion for defense, with a 3.9% deficit target.
Ultra-Orthodox parties threaten to oppose the budget over the haredi draft law, and readings are due by March 31, 2026.
Finance Minister Bezalel Smotrich praised the budget, declaring Israel's economic strength, while opposition leader Yair Lapid criticized it as wasteful.