Full Breakdown
Israel Malachi Appointed as New Director General of Finance Ministry
4/18/2026, 10:35:25 PM
Key Appointment in Finance Ministry
Finance Minister Bezalel Smotrich has appointed Israel Malachi as the new Director General of the Finance Ministry, succeeding Ilan Rom, who resigned following the Knesset's passage of the state budget in March 2026. Malachi, aged 49, has served as the Deputy Director General for the past three and a half years and has been integral to the ministry's management team. His appointment is seen as a continuation of his previous role, where he demonstrated significant capabilities in managing various governmental processes.
Background and Experience
Israel Malachi brings a wealth of experience to his new position. Prior to his role as Deputy Director General, he served as the treasurer of the Mateh Binyamin Regional Council in the West Bank and was a member of the Keren Kayemeth LeIsrael (KKL) board of directors, where he participated in the finance committee. His tenure at the Finance Ministry has included leading rehabilitation efforts for communities affected by conflicts in Gaza and Lebanon, showcasing his ability to navigate complex governmental and regulatory landscapes.
Official Statements on the Appointment
Bezalel Smotrich emphasized the importance of stability and continuity within the Finance Ministry, stating, “What the Finance Ministry and the Israeli economy need now are stability and functional continuity.” He described Malachi's appointment as a "natural and necessary continuation" of his previous role, highlighting Malachi's talent and success in his duties.
Criticism and Opposition
While the appointment has been generally well-received, some critics argue that the continuity in leadership may not address the pressing economic challenges facing Israel. Concerns have been raised regarding the effectiveness of the ministry's strategies in light of ongoing economic pressures and the need for innovative approaches to fiscal policy.
Verbatim Quotes
- “What the Finance Ministry and the Israeli economy need now are stability and functional continuity,” — Bezalel Smotrich, Finance Minister
Conclusion
Israel Malachi's appointment as the Director General of the Finance Ministry marks a significant transition in leadership, with expectations for continuity in the ministry's operations. His extensive experience and previous role within the ministry position him as a key figure in navigating Israel's economic landscape during a time of ongoing challenges.
