Israel Ministry of Finance

What Israel Ministry of Finance does

The Israel Ministry of Finance (משרד האוצר) is the central economic authority of the State of Israel, headquartered in Jerusalem and operating since 1948. It formulates and executes national economic policy, manages the state budget, oversees tax administration and collection, sets public sector wage and labor agreement policy, and regulates capital markets, insurance, and savings. The ministry serves all Israeli citizens and residents, Israeli businesses and exporters, other government agencies and the public sector, and the defense sector — the latter via coordination with the Defense Ministry on major procurements such as the Arrow 3 interceptor missile program. It operates eight wholly-owned subsidiaries and authorities: the Israel Tax Authority, the Capital Market Insurance and Savings Authority, the Accountant General's Department, the Budgets Department, the Wages and Labor Agreements Department, the Chief Economist Department, the Pension Administration, and the Government Printer.

The ministry's core "product surface" is a portfolio of public-facing digital government services rather than integrated commercial software. These include Fiscal Digital (a Tableau-based fiscal dashboard), the Silver Mountain (Har HaKesef) pension savings portal, the Insurance Mountain (Har HaBituah) insurance portal, the Savings for Every Child (חיסכון לכל ילד) national program, the Government Loans Fund, online calculators for health and mandatory vehicle insurance, and a retirement simulator. Distribution channels span physical government service branches, the centralized 1299 call center, Tax Authority offices, and the gov.il online portal, supported by a multilingual public communications presence across Facebook, X, YouTube, Instagram, LinkedIn, TikTok, and Telegram. Early-stage digital transformation is underway, with Agentforce-based AI agents being deployed by the Capital Enforcement Authority.

As a sovereign government entity, the ministry has no commercial revenue model — pricing is not applicable. Its scale is defined by the fiscal flows and policy instruments it administers, including a $150 million export insurance line to Argentina, a planned partial privatization of Israel Aerospace Industries (30% stake, 80–100 billion shekel valuation), and the financial closure of the 150 MW Ashelim solar storage facility. Recent activity includes the establishment of an emergency task force with technology sector leaders to address a currency crisis that adds an estimated NIS 21 billion annually to high-tech exporter labor costs, and active international economic outreach via the Isaac Agreements fund with the Inter-American Development Bank and bilateral engagement with Argentina and Somaliland.

Name

Israel Ministry of Finance

Legal name

Ministry of Finance (Israel) (משרד האוצר)

Website

https://mof.gov.il

Company type

Public

Founded year

1948

Operating status

Operating

Headcount range

251–500 employees

Short description

The Israel Ministry of Finance is Israel's central fiscal authority, responsible for national economic policy, the state budget, taxation, public sector wages, and capital markets regulation, serving all Israeli citizens, businesses, and government agencies through digital portals, service branches, and a centralized call center.

Ownership category

akta.pro rank

Product category

Public Finance Administration

NAICS

Public Finance Activities (92113), Public Finance Activities (921130), Public Administration (92), International Affairs (92812)

SIC

Finance Services (6199), Federal & Federally-Sponsored Credit Agencies (6111), International Affairs (9721)

akta.pro primary industry

Treasury & Cash Management (BPAIAEAB)

akta.pro secondary industries

Tax Return Filing, Processing & Assessment (BPAIADAC), Government Accounting & Financial Reporting (BPAIAEAD), Tax Policy, Legislation & Rulings (BPAIADAA)

Keywords

• Fiscal policy administration
• Tax collection services
• State budget management
• Public sector wages
• Capital markets regulation

Headquarters

HQ city

Jerusalem

HQ country

Israel

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Others

Distribution channels4 records

Marketing channels8 records

Core offering

The Israel Ministry of Finance is the government department responsible for setting and executing Israel's economic and fiscal policy. It administers tax collection through the Israel Tax Authority, formulates and manages the state budget, sets public sector wage policy and labor agreements, and regulates capital markets, insurance, and savings through the Capital Market Authority. The ministry also delivers a portfolio of citizen-facing digital tools covering pension information, insurance comparison, retirement simulation, and the national children's savings program.

Product overview

The Israel Ministry of Finance operates a portfolio of digital government services rather than a unified commercial product platform. The core offering consists of public-facing digital tools organized around several functional areas: fiscal data visualization through פיסקלי דיגיטלי (Fiscal Digital), pension and insurance information portals including הר הכסף (Har HaKesef) and הר הביטוח (Har HaBituah), online calculators for health and vehicle insurance, retirement planning tools such as סימולטור פרישה (Retirement Simulator), and the חיסכון לכל ילד (Savings for Every Child) national savings program. Additional services include the Government Loans Fund (הקרן להלוואות) and dedicated portals for state pensioners. These tools are primarily informational and self-service platforms rather than integrated software products.

Differentiator

Problem solved

Functional benefit

Brands

• The Citizens' Fund (הקרן לאזרחי ישראל): Fund providing compensation to citizens affected by conflict/war situations
• Savings for Every Child (חיסכון לכל ילד)
• Silver Mountain (הר הכסף)
• Insurance Mountain (הר הביטוח)

Products and services

• Fiscal Digital (פיסקלי דיגיטלי) A Tableau-based digital dashboard tool providing visual presentations of budget and fiscal data, enabling public access to economic statistics and government financial information.
• Silver Mountain / Har HaKesef (הר הכסף) Online portal providing citizens consolidated access to view their pension savings and insurance policies in one place, aggregating personal pension and savings information.
• Insurance Mountain / Har HaBituah (הר הביטוח) Insurance information portal managed by the Capital Market Authority that consolidates all insurance-related information for citizens in a single location, allowing users to access their personal insurance data.
• Health Insurance Calculator (מחשבון ביטוח בריאות) Interactive online tool allowing citizens to calculate and compare health insurance options and costs.
• Mandatory Vehicle Insurance Rate Calculator (מחשבון תעריפי ביטוח רכב חובה) Online calculator for comparing mandatory vehicle insurance rates and pricing options.
• Retirement Simulator (סימולטור פרישה) Calculator tool enabling state employees with budget pension insurance to estimate their pension benefits upon retirement.
• Government Loans Fund (הקרן להלוואות) Government lending program providing loans to citizens with details on application process and loan offerings available through the fund.
• Personal Area – State Pensioners (אזור אישי - גמלאי המדינה) Online portal for state pensioners to access information and submit requests related to their pension benefits.
• Savings for Every Child (חיסכון לכל ילד) National savings program for children providing savings accounts and financial planning resources for families.
• Israel Tax Authority Services (רשות המסים בישראל) Subsidiary responsible for tax administration and collection across Israeli citizens and businesses, including corporate tax, VAT, income tax, and related regulatory functions.
• Capital Market, Insurance and Savings Authority (רשות שוק ההון, ביטוח וחיסכון) Subsidiary regulating capital markets, insurance, and savings products in Israel, including oversight of insurance providers, pension funds, and investment products.
• Export Insurance Line to Argentina $150 million export insurance facility provided to strengthen economic ties with Argentina and support Israeli exporters.

Quantifiable outcome

• Currency crisis response - task force established to address strong shekel impact on tech sector
• +3 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered minor, strategic and core.

• SomalilandminorStrategic or Co-development Partner · 16 June 2026Finance Minister Bezalel Smotrich met with Somaliland President to discuss promoting economic relations between the countries.
• Inter-American Development Bank (IDB)strategicStrategic or Co-development Partner · 2 June 2026Finance Minister Bezalel Smotrich and IDB President Ilan Goldfajn signed a letter of intent in Washington to promote establishment of Isaac Agreements fund, establishing strategic economic ties with Latin American nations.
• ArgentinastrategicGTM or Marketing Partner · 20 April 2026Ministry launched a $150 million export insurance line to Argentina to strengthen economic ties. Minister Smotrich stated this as a prosperity initiative for both nations.
• Israel Aerospace Industries (IAI)coreStrategic or Co-development PartnerMinistry of Finance coordinates with Defense Ministry on Arrow 3 interceptor missile procurement. IAI is the manufacturer, with the Defense Ministry authorized to place additional orders and expand manufacturing infrastructure. IAI is also undergoing planned partial privatization with 30% stake sale.
• Israeli Technology Sector LeaderscoreStrategic or Co-development PartnerEmergency meeting convened with tech sector leaders to address currency crisis. Task force established to formulate recommendations. Participants warned of mass layoffs and knowledge drain without intervention.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• German Federal Ministry of Finance: Germany's federal finance ministry managing federal budget, tax policy, and European economic coordination. Comparable scale and mandate to the Israel Ministry of Finance, including international economic partnerships and customs administration.
• UK HM Treasury: The United Kingdom's economic and finance ministry, overseeing the state budget, tax policy, public spending, and financial services regulation. Direct peer in fiscal policy execution and capital markets oversight.
• Canadian Department of Finance: Canada's federal finance department responsible for economic policy, fiscal planning, tax legislation, and international economic relations. Comparable structure with tax authority oversight and capital markets regulation responsibilities.
• French Ministry of Economy and Finance: France's central finance ministry overseeing state budget, taxation, and economic policy. Comparable mandate spanning budget execution, tax authority oversight, and public sector wage policy.
• Australian Treasury: Australia's central economic policy agency responsible for federal budget, taxation, and financial system regulation. Direct functional peer in macroeconomic forecasting, fiscal policy, and revenue administration.
• U.S. Department of the Treasury: The U.S. federal finance ministry responsible for economic policy, taxation, budget, public debt, and financial regulation. Direct functional counterpart to the Israel Ministry of Finance across tax administration, treasury operations, and international economic relations.

Others

• International Monetary Fund (IMF): Multilateral institution that publishes independent GDP and economic forecasts for Israel (3.9% for 2026). The Ministry's forecasts are benchmarked against IMF projections, making it a relevant external oversight counterpart.
• OECD: International economic policy forum producing cross-country fiscal benchmarks and economic surveys. The Ministry engages OECD frameworks for fiscal policy and economic governance.

Broad incumbents

• Israel Tax Authority: Wholly-owned operational subsidiary of the Ministry responsible for tax administration and collection. While internal, it operates with substantial autonomy and is a key instrument of fiscal policy execution.
• Bank of Israel: Israel's central bank responsible for monetary policy, interest rate setting (currently 4%), and financial stability. Coordinates closely with the Ministry on macroeconomic policy and was referenced in multiple forecast and rate decisions.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/financeisrael
• YouTubeyoutube.com/channel/UCMT8Bdqj1OGwmOAGCBkvh3Q
• Facebookfacebook.com/Israeli.Ministry.of.Finance
• LinkedInlinkedin.com/company/israel-ministry-of-finance
• Instagraminstagram.com/ministry_of_finance_il
• TikToktiktok.com/@mof_israel?_r=1&_t=ZS-92b2QeZfmOG

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Israel Ministry of Finance