JERUSALEM—The Bank of Israel on Wednesday urged the government to pass the 2021–2022 state budget as a deadline approaches that could determine the fate of the ruling coalition, and praised the spending plan outlined by Finance Minister Avigdor Lieberman. In a statement, it emphasised the “tremendous economic importance of approving the state budget at this time, given that the economy has been operating since the beginning of 2020 on the basis of an interim budget.” Parliament is slated to vote on the spending package on Thursday night or early on Friday. If it fails to pass by Nov. 14, the government will be automatically collapsed and new elections must be called. A prolonged political stalemate means that no budget has been ratified in more than 3–1/2 years. Israel has since been running with a pro-rated version of the 2019 budget, something economists say is hindering growth. The diverse coalition of …