Ministry of Finance (Israel)

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The Israeli Ministry of Finance (Hebrew: משרד האוצר‎, Misrad HaOtzar; Arabic: وزارة المالية‎) 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 has many functions, including; overseeing the draft State Budget and monitoring the implementation of the approved budget, managing state revenues, the collection of direct and indirect taxes, managing the deficit, regulating the capital market, savings and insurance, and conducting the Government’s economic relations with foreign governments. The Ministry also maintains auxiliary units for government ministries in motor vehicles, computer services, printing and government procurement.^[1]

Main functions

The Ministry provides three types of services:

• Government staff services, consisting of departments acting on behalf of the government. These include the Budget Department, the Accountant General, the Internal Audit Unit and more.
• General economic staff services, consisting of departments related to running the general economy. This includes the State Revenue Administration, in charge of the management of state revenues, the Capital Market, Insurance and Savings Department, in charge of regulation of these markets, and the Tax Authority, which implements the income tax and property tax ordinances, customs, and VAT.
• Auxiliary services, consisting of services for government agencies, and including the Government Vehicle Administration, computer services, government publication services, etc.^[1]

Departments

The departments of the ministry are as follows:

• Budget Department
• Capital Markets, Insurance, and Savings Department
• Israel Tax Authority
• International Affairs Department
• Debt Management Unit
• Economics and Research Department
• Accountant General
• Wages and Labor Agreements Department
• Government Companies Authority
• State Revenue Division
• Spokesperson's Office
• Holocaust Survivors Rights Authority
• Governmental Printer

List of ministers

#	Name	Born - Died	Government	Term started	Term ended	Political Party
1.	Eliezer Kaplan	1891–1952	Provisional, 1, 2, 3	14 May 1948	25 June 1952	Mapai
2.	Levi Eshkol	25 October 1895 – 26 February 1969	3, 4, 5, 6, 7, 8, 9, 10	25 June 1952	26 June 1963	Mapai
3.	Pinchas Sapir	15 October 1906 – 12 August 1975	11, 12, 13	26 June 1963	5 August 1968	Mapai, Alignment
4.	Ze'ev Sherf	1906–1984	13, 14	5 August 1968	15 December 1969	Labour
Second Term	Pinchas Sapir	15 October 1906 – 12 August 1975	15, 16	15 December 1969	3 June 1974	Alignment
5.	Yehoshua Rabinovitz	1911 – 4 August 1979	17	3 June 1974	20 June 1977	Alignment
6.	Simha Erlich	1915 – 19 June 1983	18	20 June 1977	7 November 1979	Likud
7.	Yigal Hurvitz	1918 – 10 January 1994	18	7 November 1979	13 January 1981	Likud
8.	Yoram Aridor	24 October 1933 –	18, 19, 20	21 January 1981	15 October 1983	Likud
9.	Yigal Cohen-Orgad	30 August 1937	20	18 October 1983	13 September 1984	Likud
10.	Yitzhak Moda'i	17 January 1926 – 14 May 1948	21	13 September 1984	16 April 1986	Likud
11.	Moshe Nissim	1935–	21, 22	16 April 1986	22 December 1988	Likud
12.	Shimon Peres	2 August 1923 –	23	22 December 1988	15 March 1990	Alignment
13.	Yitzhak Shamir	15 October 1915 –	23	15 March 1990	11 June 1990	Likud
Second Term	Yitzhak Moda'i	17 January 1926 – 14 May 1998	24	11 June 1990	13 July 1992	New Liberal Party
14.	Avraham Shohat	14 June 1936 –	25, 26	13 July 1992	18 June 1996	Labour
15.	Dan Meridor	23 April 1947 –	27	18 June 1996	20 June 1997	Likud
16.	Benjamin Netanyahu	21 October 1949 –	27	20 June 1997	9 July 1997	Likud
17.	Ya'akov Ne'eman	16 September 1939 –	27	9 July 1997	18 December 1998	-
second term	Benjamin Netanyahu	21 October 1949 –	27	18 December 1998	23 February 1999	Likud
18.	Meir Sheetrit	10 October 1948 –	27	23 February 1998	6 July 1999	Likud
second term	Avraham Shohat	14 June 1936 –	28	6 July 1999	7 March 2001	Labour
19.	Silvan Shalom	4 August 1958 –	29	7 March 2001	28 February 2003	Likud
third term	Benjamin Netanyahu	21 October 1949 –	30	28 February 2003	9 August 2005	Likud
Interim minister	Ehud Olmert	30 September 1945 –	30	9 August 2005	7 November 2005	Likud
20.	Ehud Olmert	30 September 1945 –	30	7 November 2005	4 May 2006	Likud, Kadima
21.	Avraham Hirschson	11 February 1941 –	31	4 May 2006	22 April 2007	Kadima
second term	Ehud Olmert	30 September 1945 –	31	22 April 2007	4 July 2007	Kadima
22.	Roni Bar-On	2 June 1948 –	31	4 July 2007	31 March 2009	Kadima
23.	Yuval Steinitz	10 April 1958 –	32	31 March 2009	Present	Likud

Reference

1. ^ ^{a b} About the Ministry of Finance. Ministry of Finance Website.

See also

• Economy of Israel
• Bank of Israel
• Standard of living in Israel

External links

• Israeli Ministry of Finance (English)
• Israeli Ministry of Finance (Hebrew)