Election price: How much will we pay in case of another round?

Last weekend, the rating company Moody's recommended raising Israel's credit rating, but it is worth noting the company's comment: one of the reasons for the recommendation is political stability, budget transfers and reform reforms.

Without requiring the right and left, in the event of an election, Israel's economy will lose

Between Ashkenazi

11/04/2022

Monday, 11 April 2022, 11:54 Updated: 12:23

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The resignation of MK Idit Salman (right) from the coalition brought us back to a political tangle that is unclear if it has a way out. Issues that the

fervor

of the discourse on just or only not Netanyahu receive receive very little attention, even though they touch the pockets of all of us.

It

is important to note that the current tide began as early as Netanyahu's time - and even after it was halted by the corona - a nice recovery was recorded during the short tenure of the Netanyahu-Ganz government, but the desired stability, as will be explained below, was achieved by the current government. Year after year.

Last weekend, the rating company Moody's announced that it had raised Israel's credit rating outlook to "positive".

The company justified, among other things, the decision by saying that Israel had presented quite impressive economic achievements and that the Israeli economy had managed to recover relatively well from the corona crisis.

But there was another part of the company's announcement that is worth noting: the company noted that recently there has been relative political stability in Israel, after a long period of high uncertainty which began to negatively affect the effectiveness of fiscal policy.

At the same time, it is important to note that in light of the loss of a majority to the Knesset coalition, it remains to be seen whether the current government will be able to implement further planned structural reforms while pursuing responsible fiscal policy, also in light of the fact that high tax revenues may turn out to be temporary.

In other words, we may also lose this impressive achievement.

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Minister of Finance in the Department of Fruits and Vegetables.

Elections will stop the reform of agriculture, which is supposed to save about NIS 820 per year (average) per family in Israel (Photo: None)

The avocado has already passed, the tomatoes not yet

Take for example the agriculture reform which includes an immediate reduction of customs duties on a variety of fruits and vegetables, including avocados, garlic, peas, beans, figs, pineapples, berries, mushrooms and more.

Some of the orders have already been signed and are underway, but the rest of the caps on fresh, frozen and canned fruits and vegetables will be gradually reduced over five years.

If we have to go to the polls again in the coming months, we will be able to say goodbye to one of the reforms that are supposed to save the Israeli consumer, according to the Ministry of Finance, about NIS 820 per year per household.

Traveling by bus in Jerusalem.

The reform that entitles every passenger to a distance of up to 15 kilometers and up to 90 minutes in unlimited travel for NIS 5.5, may be canceled (Photo: Flash 90, Yossi Zamir, Flash 90)

Will transportation reform stop?

And there is also the public transport price reform "Equal Way" which is due to be launched this summer.

The reform announced by Transport Minister Merav Michaeli (Labor) and Finance Minister Avigdor Lieberman (Yisrael Beiteinu) only about a week ago is expected to lower public transportation fares so that urban travel will cost NIS 5.5 and allow unlimited crossings between lines for 90 minutes and a radius of 15 kg. M (airline). So it means more free travel for those who switch between lines, or depart and return within an hour and a half

. , Senior citizens up to the age of 75, people with disabilities and who are entitled to Social Security, will enjoy a 50% discount on the price of the trip, as long as it is purchased at an accrued value.

Plans to solve the housing crisis will be postponed until after the election, assuming there is a decision (Photo: Reuven Castro)

"Discounted apartment" is also in danger

The "discounted apartment" project, in which registration for the first lottery ended last night, is also in danger - and it would be if we went to the polls.

Although this is a route that is not a "patent" of the current government and is a variation on the "price per occupant" program of former Finance Minister Moshe Kahlon, but in this context it is worth remembering that it stalled when it went to the polls, in April 2019. Treasury serves - and not in a temporary government, to wrap it in complementary measures: land marketing, sanctions designed to keep investors out of the market and more.

Without a full-time finance minister, these plans cannot take place, and it is easy to move forward and see - the apartment lotteries have not been held for a long time, until the one that is taking place these days.

A number of more lotteries are currently being planned and from today the possibility has opened up to issue a certificate of eligibility to participate in lotteries for those who have not been able to do so in the past month.

Of course, the decision to go to the polls is a political decision that consists of many considerations, of which the economy is only one component, and yet, from a purely economic point of view, an election campaign now is the last thing the Israeli economy needs.

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