Economy
Bnei Brak Municipality Formulating Recovery Plan to Close 80 Million Shekel Deficit
The city, which must close an 80 million shekel deficit in the 2025 budget, is planning a series of steps to address irregularities and bloat that have accumulated in the budget. A 36 percent jump was recorded in city expenses for teaching assistants attached to students; the transportation guidance to kindergartens section jumped 40 percent in half a year.
· Source: TheMarker. Photo as published in the article
Bnei Brak Municipality is formulating a recovery plan aimed at improving the budget situation by approximately 50 million shekels per year, after it received a yellow card from the Interior Ministry due to a deficit of about 80 million shekels in the 2025 budget.
Bnei Brak Municipality is formulating a recovery plan designed to close a deficit of about 80 million shekels in the 2025 budget, according to reporting in TheMarker. According to the report, the plan is aimed at improving the budget situation by about 50 million shekels per year.
The municipality received a yellow card from the Interior Ministry due to the deficit. According to the report, the plan includes a long series of cost-cutting steps, alongside tightening oversight of municipal services and increasing revenues.
Among the central steps in the plan: dealing with electricity theft, overtime hours and a major land tender.
According to the report, city expenses for teaching assistants attached to students jumped 36 percent, and the transportation guidance to kindergartens section jumped 40 percent in half a year. The plan will be submitted shortly for approval from the Interior Ministry.
