The new Finance Committee will closely monitor the Treasury's billion-shekel transfers

The new Finance Committee, chaired by Liran Avishar Ben-Horin from 'Beyachad', will closely monitor the Treasury's billion-shekel transfers. At the center: approval of a 2.4 billion shekel across-the-board cut for security, while the government operates as a transitional government facing a hostile Knesset and a continuing budget from January.

The new Knesset Finance Committee, which will come under the management of Liran Avishar Ben-Horin from the 'Beyachad' party as part of the change bloc, is expected to closely monitor budget transfers worth billions of shekels from the Ministry of Finance. The incumbent government will continue to operate as a transitional government, and Finance Minister Bezalel Smotrich will have to contend with a hostile committee that will make it difficult to advance significant moves. At the center of oversight: approval of the across-the-board cut of 2.4 billion shekels for the needs of the defense establishment, which the committee could condition on alternative budget sources. The State Comptroller's report showed that at the end of 2024, 77 budget requests were approved in December alone, totaling 30 billion shekels. From January, the government will operate with a continuing budget until a new budget is passed, expected in April, creating a budget gap of tens of billions. The Finance Minister will be required to report to the committee monthly on government expenditures.