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Israel

State seeking billions from Israel's JNF

June 27, 2014 12:30
Cash grab: Livni

ByAnshel Pfeffer, Anshel Pfeffer

1 min read

Israel's Finance and Justice Ministries are set to propose a law that would nationalise the income of the Keren Kayemeth LeIsrael-Jewish National Fund (JNF).

Ministers Tzipi Livni and Yair Lapid are leading a growing faction in the coalition in favour of exerting more control over JNF, which holds around 15 per cent of all land in Israel while claiming to be an independent entity representing all Jewish people.

On average, the JNF makes around NIS 1 billion (£170 million) a year from land sales. While some of that finances forestry and environmental projects, it has accumulated reserves of NIS 4 billion (£680m). The organisation has offered to hand the government NIS 750 million (£128m) for various projects, but the ministers claim its entire structure in Israel is anachronistic and both the land it holds and its income should belong to the state.

The JNF is expected to mobilise a significant lobby in the Knesset and among international Jewish organisations to press their claim that they are acting as the custodians for the Jewish population and that the land they administer was bought with the contributions of Jews worldwide.