<Tr> <Td> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> </Td> </Tr> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> The Israeli system of government is based on parliamentary democracy . The Prime Minister of Israel is the head of government and leader of a multi-party system . Executive power is exercised by the government . Legislative power is vested in the Knesset . The Judiciary is independent of the executive and the legislature . The political system of the State of Israel and its main principles are set out in 11 Basic Laws . Israel does not have a written constitution . </P> <P> The President of the State is the de jure head of state of Israel . The position is largely an apolitical and ceremonial role, and is not considered a part of any Government Branch . The President's ceremonial roles include signing every law (except those pertaining to the President's powers) and international or bilateral treaty, ceremonially appointing the Prime Minister, confirming and endorsing the credentials of ambassadors, and receiving the credentials of foreign diplomats . The President also has several important functions in government . The President is the only government official with the power to pardon or commute prisoners . The President appoints the Governor of the Bank of Israel, the President of Magen David Adom, and the members and leaders of several institutions . The President also ceremonially appoints judges to their posts after their selection . </P>

What kind of government does israel have today