Israel's Ministry of Finance has proposed drastic measures, including higher taxes, to address the country's growing fiscal deficit. The measures, which aim to narrow the deficit to 4% by 2025, include taxation of advanced study funds, cuts in pensions, tax on trapped profits, reducing tax benefits on electric vehicles, freezing tax bracket revisions, imposing a surtax for the wealthy, and cutting VAT exemption for foreign tourists. The Ministry estimates that these measures would increase state revenues by billions of shekels annually. The proposed changes are part of the economic arrangements bill accompanying the 2025 budget.