The Ministry of Finance will examine for the first time the possibility of canceling the VAT exemption in Eilat - as well as raising the retirement age.
Details published today (Wednesday) in 'Kan News', from the multi-year plan currently being formulated by the Ministry of Finance, indicate that the plan - intended for the years 2027-2032 - is expected to include comprehensive reforms in a variety of areas, including education, health, and artificial intelligence.
Along with canceling the VAT exemption in Eilat and raising the retirement age to 70, the possibility of reducing pension provisions will also be examined.
Also considered is a reduction in the number of government ministries, with the aim of saving more than ten billion shekels per term, as well as returning the defense budget to what it was before the war.
The Ministry of Finance also decided not to formulate a defined state budget for 2027 due to the upcoming elections, which will lead to entering the year with a continuing budget for the fourth time in a row.
