Bnei Brak in Financial Crisis: NIS 130 Million Deficit Triggers Sanctions, Threat of Outside Fiscal Control

Bnei Brak in Financial Crisis: NIS 130 Million Deficit Triggers Sanctions, Threat of Outside Fiscal Control

Bnei Brak is facing a deepening financial crisis after accumulating a deficit of approximately NIS 130 million, prompting Israel’s Interior Ministry to impose immediate restrictions on the municipality and consider appointing an outside accountant to oversee its finances. The startling deterioration has raised questions about how one of Israel’s largest municipalities — with an annual budget of roughly NIS 2.5 billion and substantial property-ta…