Basic Law: The State Economy (Amendment No. 14)

The law lets the government, with the finance minister's approval and on the recommendation of the Knesset Finance Committee, postpone the deadlines for submitting the budget gaps report. The postponement can be up to 50 days. This applies in cases of an unusual and unexpected event with a significant budget impact that happens close to the report's due date. If the government decides to submit a new budget bill for the next fiscal year that includes fiscal adjustments, it will be tabled in the Knesset no less than 30 days before the end of the postponement period. When deadlines are postponed, the deadlines set in the law will take place at the end of the postponement. If the actions required under the balancing plan are not carried out, spending in the budget items will be cut by the amount of the gap in the deficit or expenses, equally.

Source: חוק - פרסום ברשומות