The Council for Higher Education (CHE) is the official authority for higher education in Israel and determines policy for the higher education system.
The CHE was founded pursuant to the Council for Higher Education Law, 1958 as an independent and unaffiliated statutory corporation.
The Planning and Budgeting Committee (PBC) is responsible for funding the Israeli system of higher education.
The PBC defines the regular budget allocated for the academic institutions as well as their development budgets, while considering social and national needs and priorities. It strives to promote research and education in Israel and to maintain the academic and administrative freedom of all institutions