1. Taxes, compulsory loans, and fees (Amendment 1)
Taxes, compulsory loans and other compulsory payment shall not be imposed, and their amounts shall not be varied, save by or under Law; the same shall apply with regard to fees.
Where the amounts of any taxes, compulsory loans or other compulsory payments, or fees, payable to the Treasury are not prescribed in the Law itself, and the Law does not provide that the amounts prescribed therefore by regulations shall require approval by the Knesset or by a committee of the Knesset, the amounts prescribed therefore by regulations shall require approval – in advance or within the period prescribed by the Law – by a decision of the Knesset or of a committee of the Knesset empowered by it in that behalf.
2. State property
Transactions in State property and the acquisition of rights and assumption of liabilities on behalf of the State shall be effected by a person empowered in that behalf by or under Law.
3. The State Budget (Amendments 1, 2, and 7)
a
The State Budget shall be prescribed by Law.
The Budget shall be for one year and shall set out the expected and planned expenditure of the Government.
b
The Government shall lay the Budget Bill on the table of the Knesset at the time prescribed by the Finance Committee of the Knesset but not later than sixty days before the beginning of the fiscal year
The Budget Bill shall be detailed.
The detailed Budget Bill of the Ministry of Defense shall not be laid on the table of the Knesset but on the table of a joint committee of the Finance Committee and the Foreign Affairs and Security Committee of the Knesset.
The Budget Bill shall be accompanied by an estimate of the sources for financing the Budget.
In case of necessity, the Government may bring in an Additional Budget Bill during the fiscal year.
Where it appears to the Government that the Budget Law will not be adopted before the beginning of the fiscal year, it may bring in an Interim Budget Bill.
The Minister of Finance shall submit to the Knesset every year a report on the implementation of the State Budget. Particulars shall be prescribed by Law.
3A. Multi-annual budget (Amendment 4)
Towards every fiscal year, the Government shall prepare a multi-annual budget plan that will include the Budget Bill for the coming year, as well as a budget plan for the two following consecutive years.
The Government shall submit to the Knesset the multi-annual budget plan together with the Budget Bill.
Every budget bill submitted by the Government to the Knesset shall be based on the multi-annual budget plan prepared and submitted under with this Section in the previous year.
3B. Failure to adopt budget (Amendment 5)
In case of non-adoption of the Budget Law prior to the beginning of the fiscal year, the Government is entitled to spend every month a sum equal to one twelfth of the previous annual budget, with increase linked to the consumer price index published by the Central Bureau of Statistics.
Funds under Subsection (a) shall be designated first of all to fulfill the State’s obligations by virtue of law, contracts and treaties. The remainder shall be used by the Government only for the operation of vital services and activities included in the previous Budget Law.
This Section may not be altered, save by a majority of the members of the Knesset.
3C. Legislation requiring a budget (Amendment 6, Announcements 1 and 2)
A Budgetary Bill shall not be passed by the Knesset, save with the votes of at least 50 Members of the Knesset. The aforementioned majority is required in the first, second and third readings. However, should a Bill turn into a Budgetary Bill after first reading, the aforementioned majority is required in the second and third readings.
A Budgetary Reservation shall not be passed by the Knesset, save with the votes of at least 50 Members of the Knesset. Where a Budgetary Reservation to a bill is passed, the Bill shall not pass the third reading save with the votes of at least 50 members of the Knesset.
The determination of the Budgetary Cost, for the purpose of this Section, of a Bill or Reservation, shall be that of the Knesset Committee deliberating that Bill or Reservation (hereinafter – the Committee). The Committee shall determine the Budgetary Cost by the evaluation of the Minister of Finance, or someone authorized by him for that purpose, unless it has been proven to its satisfaction, by another evaluation submitted to it, that the Budgetary Cost is different from that evaluated by the Minister of Finance. Evaluations under this Section shall be submitted together with data and estimates.
In this Section –
“Budgetary Bill” – means a bill fulfilling all of the following: “Budgetary Reservation” – means a reservation to a bill, fulfilling all of the following:
Its implementation involves a Budgetary Cost of 5,991,899 New Israeli Shekels or more, in any budget year;
The Government has not given its consent to the Budgetary Cost;
“Budgetary Cost” – means Expenditure or a commitment for Expenditure from State Budget, or a Diminution in State Revenues, even if that Expenditure or Diminution is accompanied by a reduction in Expenditure or a commitment for Expenditure from State Budget, or by an increase in State Revenues;
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“Expenditure from State Budget”, “Diminution of State Revenues” – including expenditure from the budget of a Budgeted Body, or a diminution in the revenues of a Budgeted Body;
“Budgeted Body” – as defined by Article 21 of the Foundations of the Budget Act, 5745-1985.
The sums specified in the definitions of “Budgetary Bill” and “Budgetary Reservation” in subsection (d) shall be updated on the 1st of January of every year, according to the rate of change in the consumer price index published by the Central Bureau of Statistics.
The provisions of this Section shall not apply to a bill regarding the dissolution of the Knesset and holding elections.
4. Currency notes and coins
The printing of legal tender currency notes and the minting of legal tender coins, and the issue thereof, shall be done under Law.
5. Inspection (Amendment 3)
The State economy shall be subject to the inspection of the State Comptroller.
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