Opposition to the budget (Photo: Image Processing, Jonathan Zindel Flash 90, Olivier Fitoussi Flash 90, Shutterstock)
120 senior officials in the Finance Ministry and the former budget department join the 300 economists in warning of the severe damage to the economy due to the transfers of coalition funds within the framework of the budget. Among the signatories: Yarom Ariav, Yoel Nave, Tali Yaron Eldar, Oded Sarig, Barry Taaff, Ran Kroll, David Gilo, Gideon Bar Lev, Aharon Aharon, Avraham Bigger, Yuval Wolman, Assaf Eilat, Michal Halperin, Michal Frank, Raanan Dinur, Yaakov Lifshitz, Assaf Eilat, Erna Berry, Dov Mishor, Brodet David and more.
"As concerned citizens and professionals involved in the economic sector, we warn against the transfers of funds in coalition agreements in Israel. "Unfortunately, the warnings of hundreds of economists did not receive attentive ears, and the coalition continues its legislative initiatives while blatantly ignoring warnings from Israel and around the world about the expected damage to the economy.
"We, the undersigned, senior officials in the Economy Ministries and graduates of the Budget Department in the Ministry of Finance, stand together with the 300 economists who express their concerns. We urge policymakers and decision-makers to reconsider these transfers and ensure they align with the broader goals of fostering economic growth. This may perpetuate a cycle of dependence on well-being rather than fostering independence.
"Israel's future as a prosperous country depends on a strong and flexible economy that prioritizes investment in education, research and development, infrastructure and job creation. In order to preserve this future, it is essential that the allocation of funds within the framework of coalition agreements be based on sound economic principles and a comprehensive understanding of the long-term implications.
"The harm to the Haredi public's ability to integrate into a modern labor market will, first and foremost, harm the economic situation of the Haredi public itself, reduce the chances of Haredi adults earning a decent living, and increase the poverty rate among the Haredi population. However, it is not only the ultra-Orthodox population that will be harmed: when a significant percentage of Israeli children do not acquire basic skills, it is self-evident that the State of Israel will not be able to continue to be among the world's developed economies. In particular, the Ministry of Finance predicts that Israel's economy will lose close to NIS 6.7 trillion by 2060 due to the increase in the share of the population lacking basic skills and having difficulty integrating into a modern labor market.
"We believe that only by upholding the principles of responsible and democratic governance with informed decision-making and a fair allocation of resources can Israel grow and ensure a prosperous future for its citizens."
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