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The state auditor will investigate the preparation for the outbreak of inflation - voila! Of money


Engelman: "Among other things, we are checking the state's preparation for the outbreak of inflation, the regulation of the dairy industry and the housing plans of the Israeli governments"

State Comptroller Matanyahu Engelman.

opened the annual professional conference of the Visitors Bureau with a topical and surprising speech (photo: PR)

The institution of the State Comptroller during the tenure of the current comptroller, Matanyahu Engelman, is not considered particularly caustic, compared to previous comptrollers, that's why some were surprised this morning to hear his words at the beginning of the annual professional conference of the comptroller's office.

As a direct continuation of the Prime Minister's and Finance Minister's announcement last night about a plan to reduce the cost of living, Engelman said: "We are in the midst of a comprehensive review of the cost of living - checking the state's preparation for the outbreak of inflation, the mortgage repayments and the housing plans" and added: "I call on the Prime Minister And to the Minister of Finance: fix the deficiencies that we published to help lower the cost of living"

"We are in the midst of a comprehensive review of the cost of living in the State of Israel" (Photo: Reuven Castro)

According to the auditor, "As we know, the entire world, including the State of Israel, has been suffering from rising inflation in the past year. This affects all of us, especially the poor among us, as shown in the poverty report published today.

I would like to say here that in recent months we have been in the midst of a comprehensive review of the cost of living in the State Israel.

Among other things, we are examining the state's preparation for the outbreak of inflation, the regulation of the dairy industry, and the Israeli governments' housing plans. These are added to the reports we have already published in recent months on digital banking, competitiveness in the automobile industry, and monopolies in the food market.

I call on Prime Minister Benjamin Netanyahu and Finance Minister Bezalel Smotrich to correct the deficiencies and adopt the recommendations we published in the audit reports to help lower the cost of living."

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The state auditor at the scene of the collapse of a house in Holon (2021).

Now he will also check why the prices are rising (Photo: Reuven Castro)

Inflation and rising housing prices

And not only the cost of living per se disturbs the auditor, but as mentioned also the climate that fosters it, i.e. inflation: "On the issue of inflation, we examine how the state managed the preparation for the rampant inflation, how it dealt with the issue from the moment of its outbreak, we will examine the effect of inflation in the planning of the annual budget, and we will also include Comparisons of how other countries in the world deal with inflation.

Inflation and interest rate increases directly affect both mortgage repayments and government contracts, and this issue will also be examined."

Engelman also commented on the increase in housing prices: "Regarding the cost of housing - during the year 2022 we examined the actions of the Israel Land Authority regarding the planning and marketing of residential land. The subjects examined were, among others, the implementation of the strategic plan for housing, urban renewal, the relocation of IDF camps from the center To the south, how long does it take to deal with the plans in the planning committees, marketing and execution of transactions in residential land, and more.

The bulk of the audit was done at the RMI. Completion inspections were done at the Planning Administration in the Ministry of the Interior, the Construction and Housing Ministry, the Israel Mapping Center, the Ministry of Finance, the Prime Minister's Office, and the Central Bureau of Statistics.

When I assumed the position of State Comptroller, I set myself the goal of conducting inspections in the Citizen's Mirror and examining the problems in depth. The price of the apartments also directly affects the rental prices. This is what the report will deal with."

  • Of money

  • news


  • State Comptroller

  • Matanyahu Engelman

  • Cost of living

  • inflation

  • the increase in price

Source: walla

All business articles on 2023-01-12

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