The head of the Tax Authority, Shai Aharonovich, noted at the "Real Estate in Real Time" conference that the state may need to impose a property tax on vacant lands to improve its revenues, especially in light of the slowdown in the real estate market. He emphasized that government expenditures, including security costs, require seeking additional income sources of 30-40 billion shekels per year. Aharonovich did not rule out a temporary reduction in the acquisition tax if the situation in the sector deteriorates, but stressed that at this stage, there is no justification for it. He pointed out the impact of the slowdown on the state's tax revenues and highlighted the need to combat the black market as a potential source of additional income. Amit Gutlieb, chairman of the Contractors Association, presented data indicating a decline in construction starts, indicating the ongoing crisis in the sector. Aharonovich emphasized the importance of adapting tax policy to the market situation and expressed support for the need to ensure the stability of contractors and developers.