December 2, 2021

Beyond Going Long

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The Israeli parliament approved the 2022 budget

Parliament approved for the first time this year’s budget.

Members of the Israeli parliament (Knesset) on Friday evening approved the budget for 2022, according to the news portal The Times of Israel, which indicated that the day after the Knesset, it approved by a slim majority the current year’s budget, thus preventing early elections.

The Times of Israel also said Friday’s vote removed the last current hurdle that could complicate Prime Minister Naftali Bennett’s government.

However, approval of the current year’s budget, which took place on Thursday, was much more necessary. If the 2021 budget is not approved by November 14, Parliament will be automatically dissolved. By canceling it, Israel avoided early elections, which would have been the fifth since April 2019.

Last year, the government led by Prime Minister Benjamin Netanyahu failed to agree on a budget, leading to the dissolution of parliament shortly before the end of the year. Early elections were held in March.

The new government was formed from an eight-party coalition led by Bennett and Foreign Minister Jair Lapid after the fourth elections in two years. Israel’s parliament approved the new government by a narrow one-vote majority, so it has only 61 of the 120 seats in the Knesset.

The fact that the budget was approved after more than three years of failure proves that Bennett’s broad coalition can agree on key issues, analyzes The Times of Israel.

The 2022 budget, amounting to 159 billion euros, was approved by the Knesset well before the last possible deadline of March 2022. The draft budget was approved by MEPs on the third reading, shortly after 3:00 am local time (2:00 CET). . 59 deputies voted for it to 56.

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