Ministry of Finance (Israel)

Ministry of Finance
Israel

משרד האוצר
Ministry of Finance Headquarters
Agency overview
Formed	1948
Jurisdiction	Government of Israel
Headquarters	Finance Ministry Building, Jerusalem 31°46′39.72″N 35°12′9.72″E / 31.7777000°N 35.2027000°E / 31.7777000; 35.2027000
Annual budget	1.96 billion NIS[1]
Minister responsible	Bezalel Smotrich
Agency executive	Shlomi Heizler, Director-General
Website	mof.gov.il/en

The Israeli Ministry of Finance (Hebrew: מִשְׂרַד הָאוֹצָר, Misrad HaOtzar) is the main economic ministry of the Government of Israel. It is responsible for planning and implementing the Government's overall economic policy, as well as setting targets for fiscal policy, preparing the draft State Budget and monitoring implementation of the approved budget. The ministry also manages state revenues, collects direct and indirect taxes and promotes nonresident investments. In addition, the ministry conducts economic relations with foreign governments, economic organizations and the international community. The ministry regulates the state owned companies sector and the capital market, savings and insurance.^[2] The ministry is also responsible for auxiliary units for government ministries in motor vehicles, computer services, printing and government procurement.^[3]

The Finance Ministry is headed by the Finance Minister, currently Betzalel Smotrich. There is also occasionally a Deputy Minister of Finance. The permanent staff of the ministry include the Director General, the department directors responsible for the Budget Department, the Accountant General, the Wage and Labor Agreements Department and the accreditation units (the Tax Authority, the Government Companies Authority, the Capital Market, Insurance, and Savings Authority and the Governmental Printer).