The Committee for the Supervision of the Citizens’ Fund of Israel, headed by MK Nissim Vaturi, discussed today the financial reports of the Citizens’ Fund of Israel for the fiscal year 2025, in accordance with Section 37 of the Citizens’ Fund of Israel Law.
Uri Marilus, representative of the Fund’s Financial Management Department at the Bank of Israel: “We had another excellent year and hope to continue this way. At the end of 2025, the Fund’s assets stood at $2.8 billion. The Fund’s return in 2025 was 18.4%. Since its establishment, the Fund has recorded an average return of 13.6% per year.”
Marilus also noted that in 2025, the Fund’s assets grew by more than $710 million. According to him, the growth in the Fund’s assets stems from both investment profits and new deposits. “70 percent of the money is invested in a stock portfolio and the rest in debt assets and cash. It is important to diversify risk and not put all your eggs in one basket,” he said. In addition, Marilus detailed the Fund’s investment portfolio and its contribution to the Fund’s return by asset class.
Avital Segal from the Accountant General’s Department at the Bank of Israel presented the financial reports, including the total balance as of December 31, 2025, and the composition of assets. “The main assets are securities, but there is also cash and private investments,” she said. Segal added that the total profit for 2025 stands at $411 million, and presented the profit distribution by asset allocation.
Ariel Paz Switzky, Research Manager at Lobby 99: “The figure I want to focus on in the report is the total deposits – $350.7 million. This is essentially what the tax authority transferred to the Fund. In 2024, deposits were $417 million, and in 2023 they were $744 million. This means that relative to previous years, we are seeing a downward trend, and this is also contrary to forecasts. The Fund operates transparently, but the Tax Authority needs to provide explanations regarding the gap between past forecasts and actual collection.”
Michal Havazelet, representative of the EY firm, the Fund’s auditor, confirmed that the report fairly reflects the financial situation.
Acting Chair of the Committee, MK Limor Son Har-Melech, summarized the discussion: “Today we saw how the dedicated work of the Fund’s institutions has yielded significant fruits for all citizens of Israel. The Fund is a professional body that is developing and knows how to respond to market opportunities while safeguarding the long-term interest of the citizens of Israel.”
