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Minister of Finance: The budget is an "impossible task"
Lieberman's performance at the Israel Democracy Institute conference: Everyone who presses me is right, but should be prioritized.
The Standards Institute will undergo reform, the metro in Gush Dan will be promoted by legislation, the academy does not understand that we are just a small player in the global economy, the Knesset must stop and the ultra-Orthodox youths are hostages of the activists
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Eli Horowitz
Avigdor Lieberman
Minister of Finance
Standards Institute
g7
G20
budget
Sonia Gorodisky
Tuesday, 29 June 2021, 12:16 Updated: 13:29
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Finance (not) Bloom: Finance Minister Avigdor Lieberman attended the Eli Horowitz Conference on Economics and Society of the Israel Democracy Institute this morning, and took the opportunity to present a comprehensive overview of his economic policy in the near future:
"We will pursue a responsible government policy, "All the political pressures that exist," the minister promised.
Commenting on recent media reports about Lieberman's alleged decisions on various issues, Lieberman said: "I always read something new: once we decided on a congestion charge, once we decided to tax online shopping. Take everything on limited bail. I do meet with A lot of bodies and each body comes up with its own proposals, goes out and gives a statement and tries to turn the statements into facts.
I do not know how to pull out and improvise, I am not a universal expert.
That’s why we’ll be doing in-depth staff work in two weeks on all the issues, not just on the online shopping tax.
We will discuss a series of steps in the field of taxation and issue an orderly announcement.
"Everything you see in the media is not the announcement of the Ministry of Finance, but the sole responsibility of the advertiser."
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Finance Minister Avigdor Lieberman, along with senior officials at the Eli Horowitz Conference on Economics and Society of the Israel Democracy Institute (Photo: Israel Democracy Institute)
"The academy does not understand that if we go berserk, the credit rating will fall"
On the budget issue, Lieberman said: "For more than three years there have been no budget discussions, no reforms or legislation. The last budget was adopted in March 2018, since then we have been engaged in a deep political crisis and the whole economy has entered autopilot and stagnation in several industries. Very disturbing - in terms of debt-to-GDP ratio, deficit and government spending.
I hear about the new approach that exists in academia today, say to ignore all the "outdated" concepts, like deficit and debt-to-GDP ratio, which is completely unimportant, and currently need to spend money. I think these people do not understand That we are just a small player in the global economy, and if we go wild about the deficit, debt-to-GDP ratio or government spending, we will eventually start snatching "negative reports" from the IMF and the OECD.
The credit rating companies will lower our rating and we will see an increase in interest rates and hence the road to losing control of the Israeli economy will be very short.
We will pursue a very responsible, state-owned policy, without decrees.
We will not go berserk, with all the political pressures that exist. "
Demonstration by interns, December 2020: "All the demands are justified, but we do not have a machine that prints money" (Photo: Official website, no)
"All the demands that have come to me are justified, but should be prioritized"
Lieberman addressed the issue of pressure on him, before formulating the budget and outlining a long-term policy: "Since I entered the Ministry of Finance, I have received demands from all directions - from professional organizations, non-profit organizations, various groups, hospitals, interns and doctors, the disabled and IDF disabled Justified.
However, we need to prioritize and see what our options are.
We are not the US, we do not have a machine that prints dollars and we are neither Japan nor the UK behind a huge economy with the largest companies in the world. We are in a different situation. So let's know our place. We approach responsibility for the state budget and currently face an impossible task.
"We have a schedule - there is still no law that allows us to approve a budget within 140 days. Our second limitation is the coalition, which is very narrow and very difficult to run when the parliamentary majority is very narrow."
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Minister Lieberman continued: "We will advance the plan to stabilize the economy of the 1980s - even then the country was in an economic emergency. We managed to get out of it also thanks to the fact that there was a broad government between Shamir and Peres, the MKs were also more disciplined, and were much less pike News. "
In addition, Minister Lieberman said that he sees great importance in adopting the international decisions that are made:" I see Israel as part of a global economy and therefore it is very important to adopt international standards as well. In the discussions of the 7-G and the 20-G, it was decided to impose a uniform tax on the global companies at a rate of 15%, and we decided to adopt it.
Same with carbon tax. We have no choice about carbon tax. If in the State of Israel a certain producer does not pay a carbon tax and he exports his produce to Hungary or Belgium, the carbon tax will be levied there. So instead of paying it in other countries, it is better to pay it here in Israel.
We will not take this step the day before the others, but neither will we the day after the others.
"As soon as bodies like the OECD or 7-G accept these rules, we will adopt them."
Light rail works.
The metro will already require special legislation that will limit the power of local authorities (Photo: Reuven Castro)
Special legislation on the metro
Referring to the Standards Institution reform, Lieberman said: "The Standards Institution needs to move beyond setting standards for supervision. I do not understand why we should disqualify products that are approved in the US, Canada or Australia. We will strive to reach an agreement in the Arrangements Law that every product that has international standards, does not need additional standards in the State of Israel. "
Regarding the promotion of the metro in Gush Dan, the Minister of Finance said that large projects of this type can only be promoted through special legislation. It is estimated at NIS 150 billion. Any authority can put a brake on its establishment at any given moment, and if you want to implement this project, you must put it on the path of special legislation on the Gush Dan metro issue.
There are another series of large projects, amounting to hundreds of billions of projects that we intend to offer to the private market. "
Lieberman also addressed the issue of financing the many projects in the field of infrastructure that he intends to promote: "Institutional bodies currently manage NIS 2 trillion, with two-thirds of this money being invested abroad.
"50% of the new money that comes to them goes abroad. There is a lot of money here that does not find the address and it is our job to help them. The private sector must be an active partner."
Avigdor Lieberman: "Ready to make unpopular decisions that benefit the economy" (Photo: Ministry of Finance spokeswoman)
Why do you need both a consumer protection authority and a consumer council?
Lieberman explained his decision to close two staffs in the Ministry of Finance and said that "there are a lot of duplications between government ministries, several bodies dealing with the same issue. There should be no struggle between all the authorities dealing with the same thing. It's
just amazing how many duplications there are. There are seven bodies dealing with Diaspora Jewry. The situation is similar in the field of information. There are duplications in the field of cyber - there is Israel digitally, and there is the ICT authority.
There is the Consumer Protection and Fair Trade Authority and the Israeli Consumer Council. There is no reason for this to continue. "This is not a simple challenge because most ministers will not want to relinquish any authority."
At the end of his speech, Finance Minister Lieberman addressed the issue of the outline of the Knesset, which will end in a day for the unemployed in the Corona until the age of 45:
There are sectors and groups that must help them.
First of all the tourism and aviation industry.
There are also pregnant women and those aged 67 and over, who should also be considered in these populations.
The economy returned to full operation four months ago so we will not be able to continue the challah in a comprehensive way. I am not Santa Claus and do not intend to distribute gifts. I am willing to make unpopular decisions that are in favor of the economy. The decision to abolish challah until age 45 is not a simple decision. However, today there are more than 130,000 job vacancies in the economy. "
An ultra-Orthodox demonstration against conscription into the IDF: "Those who depend on GMOs and allowances will not be released from the grip" (Photo: Noam Moskowitz)
"The ultra-Orthodox activists want to hold the young people hostage"
And how is it possible without something about the ultra-Orthodox?
The Minister of Finance also referred to a sector with an abyss between him and the new spirit in the corridors of finance: "It is important to give ultra-Orthodox young people an education and a different profession. We can not get them out of poverty. Only 5%. The same thing in Bnei Brak compared to Ramat Gan. We can not afford such gaps. The
ultra-Orthodox activists want to keep these young people hostage. , But the state must give them teachers and knowledge. A person who is financially independent - no one will dictate a note to him at the ballot box. Anyone who depends on GMOs and allowances will not be released from the grip.
That's the whole point. "
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