Deficit Reduction and Budgetary Expenditure Limitation Law (Amendment No. 23) (Temporary Provision) Bill
Translated from Hebrew: הצעת חוק הפחתת הגירעון והגבלת ההוצאה התקציבית (תיקון מס' 23) (הוראת שעה)
TL;DRThe law increases on a one-time basis in 2023 and 2024 the amount of permitted government expenditure in a way that reflects the acceleration of inflation in 2022, by changing the method of indexation for calculating the amount of permitted government expenditure: in 2023 the indexation rate will be the average Consumer Price Index in…
Translated from Hebrew
What does the bill do?
The law increases on a one-time basis in 2023 and 2024 the amount of permitted government expenditure in a way that reflects the acceleration of inflation in 2022, by changing the method of indexation for calculating the amount of permitted government expenditure: in 2023 the indexation rate will be the average Consumer Price Index in 2022, and in 2024 the indexation rate will be the average Consumer Price Index in the three years preceding that year. In addition, because of this change in the method of indexation, it was established that in 2026 and 2027 the component added for 2023 and 2024 will be deducted so that it will not be counted twice and so as not to cause a significant deviation from the growth path of the government expenditure limit.
The votes on this bill
Coalition 64 seats
Opposition 56 seats
Tap an MK for detailsChanged position between readingsOnly MKs who held a seat on the day of the vote are shown