Lieberman reduces the price of fuel by half a shekel per liter

The Minister of Finance announced an immediate reduction in the excise tax on fuel by half a shekel, in order to balance the large price increases of recent months.

At the same time he reviewed the achievements of the Israeli economy and also sent a sting to the big business owners who made a big profit and offered them to return the grants they received from the state

Between Ashkenazi

05/04/2022

Tuesday, 05 April 2022, 12:32 Updated: 12:57

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The Minister of Finance, Avigdor Lieberman, today gave a briefing to the economic reporters, towards the end of the first quarter of 2022. Before the rest of the details, the bottom line and important from the Minister of Finance, is an immediate reduction of half a shekel per liter of excise tax we all pay on fuel.

"On the subject of excise tax, I know how to make decisions solely on the basis of data, I said I do not do putty at home in the midst of an earthquake. The picture needs to stabilize so that we have a clearer picture of the situation. Diagonal of plus or minus 7 it can drop to $ 99 and can rise to $ 122, this is the estimate in global markets.

We are not collectors in the Ministry of Finance and we do not put the money under the embossments if there is a possibility to do good with the people and it is possible to return money to the public then we will definitely do it.

At the moment there is a chance that we can return half a shekel from the excise tax.

If fuel costs 7.45 in self-service it could cost 6.95.

The reduction should be for a quarter only. "

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Finance Minister Avigdor Lieberman.

Lollipop for the public and a bite for business owners (Photo: Reuven Castro)

The deficit and the first quarter

Lieberman took the time to summarize the quarter: "The first quarter is important and I will tell you that it is encouraging and I hope it is a sign of things to come

. A formal meeting where they are supposed to announce the level of the deficit, but if you ask me - and I do not commit - it will be more or less 1.5%. The banks, in terms of opening new business accounts, this is perhaps the best year ever. "

Isrotel Hotel CEO Lior Raviv. Lieberman expects to return the grants in light of the excellent financial results of 2021 (Photo: Ariel Beshor)

Will Isrotel and Hamashbir return money?

The finance minister went on to scold the big business owners who asked for help from the state, but said they enjoyed high revenues this year: "When I look at the performance of the companies that have just published the annual reports for 2021, it brings a smile

. Of the distress of the big chains of clothing and footwear nerds were Shahar Turgeman of Brill shoes, and Rami Shavit of Hamashbir Latzarchan. When I look at their annual reports as they published, Brill's net profit amounted to NIS 49 million. "Even when I'm frustrated with Hamashbir for their consumer, their net worth this year was NIS 25 million, which is much more than in previous years. Which means that even when you make difficult decisions, such as the issue of cancellation, It turns out to be the right approach. "

Lieberman was not satisfied with Brill and Hamashbir Latzarhan and also stung Isrotel: "The reports of the other companies also made a big profit. Look, I am in favor of a free economy, I am in favor of a liberal economy and in favor of competition in everything, but also for fairness and the key word is fairness

. They have a net worth of about NIS 255 million, they have received a grant in the order of NIS 12 million in the last two years. Even when I look at the CEO's salary, which is about NIS 8 million with bonuses, so is a diplomat with a net profit of NIS 90 million. "Where the CEOs' salary with all the bonuses reaches almost NIS 25 million, it is not related to a liberal economy and competition, but to fairness."

Lieberman did not hold back and added a sting towards those companies: "They can also return some of the grants they received, which of course is not mandatory."

High-tech benefits: "The one who determines the rate of train progress is the locomotive" (Photo: ShutterStock)

Positive high-tech and negative communication

Lieberman did not content himself with a sting to business owners, but also added one to the media that criticized him in recent days for the tax benefits he wants to give to Israeli high-tech companies: "I want to address in advance some things I read in the newspaper. Infrastructure,

pitcher

to develop infrastructure Do not have to increase the deficit There is enough money for this. The problem to complete all the planning is the big stop, not the financing.

To move from the exit stage to the stage of public participation in the achievements of Israeli high-tech. We need to build an industry here where all the headquarters and development are here and not in London or New York and that is our goal at the moment.

I look at what is currently being offered in the world in all countries offering benefits, there is competition for every development and every high tech man.

Before approving the last budget I said that we must produce money in order to invest it in high tech, here too I hope within a month and a half we can approve a national plan for artificial intelligence development intending to invest a lot of money in research and development. And not even in the treasures of nature but in the brain and high-tech. "

Another hot topic addressed by the Minister of Finance is social works:" We are working on comprehensive reform as in public transport tariffs working on comprehensive reform I very much appreciate their work In the news about sanctions. "

Immigrants from the battle zones in Ukraine.

Lieberman asked for an estimate from the National Security Council regarding the costs of absorbing the aliyah (Photo: Flash 90, Nati Shochat)

Receives IDF waves and receives immigration from Russia

At the end of his remarks, the Minister of Finance may have tried to correct the impression of his remarks about the war in Ukraine, in an interview with Gali Tzahal, while focusing on the absorption of immigrants from Eastern Europe: "Another thing that is important is the whole issue of immigration. The State of Israel was established, centered on a central Zionist idea that every Jew, as soon as he feels uncomfortable, every Jew in the rest, no matter where he comes from, will be able to find a safe haven in the State of Israel.

For me, this is an answer to the same central idea that is Zionism, the same idea of ​​the establishment of the State of Israel.

Besides in the mouth forum of economic reporters you can explain things that are difficult to explain to others that I give up excise tax is a waiver of income, when I spend money I owe a budget source today I asked the head of the National Security Council to estimate how many immigrants we are expected to receive. And regardless of the war, we receive between fifteen and twenty thousand immigrants from the rest of the world. "

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• Avigdor Lieberman

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