The State budget

(a) (1) The State budget shall be prescribed by law. (Amendments No. 1, 2, 7, 8, 9, 12 & 13) (2) The budget shall be for one year, and shall present the Government's expected and planned expenditure. (b) (1) (a) The Government shall lay the Budget Bill on the Knesset's table at a time appointed by the Knesset Finance Committee, but no later than 60 days before the beginning of the financial year, and no earlier than six months before the beginning of the financial year. (b) (1) Despite what is said in sub-clause (a), should circumstances exist as mentioned in article 36a(b) in Basic- Law: The Knesset, and the Budget Law was not adopted before the beginning of the financial year, the Government shall lay the Budget Bill on the Knesset’s table at a time appointed by the Knesset Finance Committee, but no later than 60 days before the appointed day, as laid down in that article, and with regards to this period Jewish holidays and holiday eves, in accordance with their meaning in that article, shall not be counted. (2) Should what is said in sub-clause (1) be realized, and under the said circumstances only, the Government is entitled to lay on the Knesset table, together with the Budget Bill as stated in sub-clause (1), a budget bill for the following budget year, even if the submission date is earlier than six months before the beginning of that budget year. (2) The Budget Bill shall be detailed. (3) The detailed budget proposal of the Defense Ministry, and the detailed budget proposal of defense bodies that shall be determined with regards to this matter by law, shall not be laid on the Knesset table, but on the table of a joint committee of the Knesset Finance Committee and Foreign Affairs and Defense Committee. (4) The Finance Bill shall be accompanied by an estimate of the sources for financing it. (c) If necessary, the Government is entitled to submit an additional budget bill in the course of the financial year. Should the government foresee that the Budget Law shall not be approved before the beginning of the Financial Year, it is entitled to submit an Interim Budget Bill. (e) Every year, the Minister of Finance shall submit a report on the implementation of the State Budget to the Knesset. Details shall be prescribed by law.