Israel: Government increasing grants to local authorities by hundreds of millions
Israel's Ministry of the Interior Increases Balancing Grants for Local Authorities
The Ministry of the Interior in Israel has announced a significant increase in balancing grants to help reduce disparities between local authorities and ensure a basic level of services for residents. In 2024, an additional 350 million Shekels (USD 95.11 million) will be allocated, and from 2025, 300 million Shekels (USD 81.52 million) will be added annually to the budget base. This means the total balancing grant for 2024 will be 3.65 billion Shekels (USD 1 billion), and from 2025 onwards, it will be 3.6 billion Shekels (USD 1 billion) each year.
The Ministry highlighted the importance of this increase, especially given the rising prices and inflation. The additional funds aim to reduce budget gaps in local authorities and support the improvement of essential municipal infrastructure and services for citizens. The Ministry noted that local governments have shown flexibility during challenging times, such as the Corona pandemic and the Iron Sword War. The increased budget will enhance the authorities' ability to manage emergencies and improve services for residents.
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Ministry of the Interior
The Ministry of the Interior is a part of the government in Israel. It is responsible for things like local government, elections, and immigration.
Balancing grants
Balancing grants are money given by the government to help local areas. They are used to make sure all places have enough money to provide basic services like water, roads, and schools.
Local authorities
Local authorities are like the government for a small area, such as a city or town. They take care of local services and facilities for the people living there.
Shekels
Shekels are the currency used in Israel, similar to how we use Rupees in India. It's the money people use to buy things there.
Inflation
Inflation is when the prices of things go up over time. It means you need more money to buy the same things you used to buy for less.
Municipal infrastructure
Municipal infrastructure includes things like roads, bridges, water supply, and electricity in a city or town. It's important for making sure people can live and work comfortably.
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