Lieberman recorded phenomenal successes, but neglected real estate along the way
The Minister of Finance managed to transfer a budget after 3 years and return the country to normalcy and also helped the recovery of the Israeli economy.
At the same time, however, he has given up on the flight of apartment prices, and now that inflation is rising, interest rates are rising and elections are on the horizon, he is beginning to show signs of weakness.
A special project
Liat Ron
09/06/2022
Thursday, 09 June 2022, 16:30 Updated: 17:17
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There is no doubt that the greatest achievement of Finance Minister Avigdor Lieberman and the "change" government is the transfer of the 2022-2021 budget - after three years in which the State of Israel operated without a budget and the Arrangements Law.
Lieberman and the finance officials, who were beaten and humiliated after Israel Katz's tough tenure, rolled up their sleeves and together restored the conduct of the government and the state to a blessed normalcy.
The budget was passed in full within a relatively short time, far-reaching reforms entered the Arrangements Act and the government began work.
Lieberman received Israel's weak and fragile economy after the corona period, with a deficit of 10.5% and an unemployment rate of 10%.
The forecasts were pessimistic.
No one imagined that a year later, the Israeli economy would show resilience that leaves dust to other countries in the world - with a deficit of less than 3%, a nice surplus in the public coffers, foreign exchange reserves at a peak of $ 206 billion, a GDP that reaches 5.5% and a nice increase In private consumption, according to the IMF, in three years' time we will be at the top of the list of countries worth buying per capita.
Neglected real estate and the cost of living. Lieberman (Photo: Reuven Castro)
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Is all this the work of Lieberman?
Definately not.
The Israeli economy proved resilient to severe global crises in 2008, but there is no doubt that the way in which the finance minister held the reins short, after the dispersal of funds in the previous government, has helped an extraordinary recovery in global terms.
The reforms he tried to lead, in agriculture - which is not yet rising both because of the pressures of the agricultural lobby and because of bureaucratic difficulties, and the import reform, are also supposed to bring good news to the Israeli economy if they do happen.
Along with the phenomenal successes that will be recorded in his name, and against the background of the war in Ukraine that shook the commodity market and the inflation that also accelerated because of it, Lieberman neglected two equally critical issues: real estate and the cost of living. Understand that the price of the tomato we buy at the supermarket is affected by the cost of real estate, the government of change, headed by Housing Minister Zeev Elkin, has given up.
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In the video: Finance Minister Lieberman refers to the wave of price increases (Photo: Knesset Channel)
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In an uncharacteristic defeat for a man with ice in his veins and the thick skin he occasionally lends to elephants, the finance minister admitted that not only have real estate prices not fallen, he would be happy if they rose by only 6%. Prices have soared by almost 15%, and they do not seem to intend to stop. And change the paradigm, Lieberman is set to introduce soon.
If after the corona he played a card, when it comes to the cost of living, the situation is reversed.
Before the war in Ukraine, he awoke in an inelegant delay to deal with a crisis that could have developed into a popular protest.
Now that inflation is picking up and interest rates are rising, the finance minister, who throughout his first year in office has refused to hand out money from planes, is showing signs of weakness.
Maybe it's the fear of public outrage, maybe the swinging coalition and the elections around the corner, after the excise tax reduction by half a shekel - he announced the update of fuel prices at the place once a month, once every three months.
Fell in love with the Ministry of Finance.
Lieberman (Photo: Reuven Castro)
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The man who promised there would be no election economy, gave up abolishing the dormitory subsidy in the name of coalition integrity, released budgets to build infrastructure and strengthen hospitals in Arab society, and as it seems at the moment, will have to bend quite a bit to try and achieve the next goal: 2023 budget transfer
.
To his sorrow and to the sorrow of us all, the chance that the budget will reach the Knesset seems almost impossible at the moment, which does not prevent him from working on it vigorously, as if he left the government swearing-in ceremony a second ago.
Lieberman fell in love with the Ministry of Finance and the finance officials return a great love to him.
For his part he can quietly stay there for at least another three years.
1/1 Avigdor Lieberman at the Yisrael Beiteinu faction meeting, May 9, 2022
Do you think Lieberman has given up on housing prices?
Obviously
He has nothing to do anyway
Absolutely not, he fights
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Avigdor Lieberman
Ministry of Finance
State budget
Cost of living
price increase
