The Bank of Israel has published the Citizens of Israel Fund’s annual report, following approval by the Fund’s Council, setting out the Fund’s 2024 financial results and its long-term approach to managing state revenues from the levy on oil and natural gas profits. As of December 31, 2024, the Fund’s assets totaled approximately USD 2,080 million, after receiving around USD 417 million in revenues from the state during 2024 under the Natural Resources Profits Tax Law. The Fund recorded a nominal dollar return of about 11.5% in 2024 and an average annual return of approximately 11.7% since its establishment, while investing its assets outside Israel and in foreign currency. The report also notes that in 2023 the Fund transferred about USD 33.6 million to the state budget for fiscal years 2023 and 2024, and it describes ongoing work to expand investment channels and build supporting infrastructure for the Fund’s activities.
Bank of Israel 2025-04-01
Bank of Israel annual report shows Citizens of Israel Fund reached USD 2.08 billion and returned 11.5% in 2024
The Bank of Israel released the Citizens of Israel Fund's annual report, detailing 2024 financial results and strategies for managing state revenues from oil and natural gas profit levies. As of December 31, 2024, the Fund's assets were approximately USD 2,080 million, with a nominal dollar return of 11.5% for the year and an average annual return of 11.7% since inception.