The government meeting to approve the budget continues tonight (Thursday) and the legal reform was also on the table.
The chief economist at the Ministry of Finance, Shira Greenberg, described the risks to economic stability and said that there are external influences such as Corona and the war in Ukraine.
Greenberg then also described internal risks such as coalition agreements, wage agreements and legal reform.
According to her, "It can roll like a snowball. I don't know how much it will hurt, (but) there is a significant danger."
When she described Israel's current economic situation as good, Netanyahu replied, "It's thanks to the vaccinations and the HLA."
The Minister of Finance, Bezalel Smotrich, commented on the budget and the tensions in front of some of the ministers and said that "what is before our eyes is the cost of living that is felt by every citizen in Israel, and the reforms we are presenting will allow for the simplification of regulation, the removal of barriers and the weakening of monopolies, and all of this will translate into an alleviation of the burden of the cost of living for its citizens Israel. The professionals in the Ministry of Finance who worked around the clock to prepare these reforms. I am a great believer in the Israeli economy and today, with God's help, we are taking another step in the right direction. We will not all go out with our lusts, but the Minister of Finance does not go on vacation the day after the budget is passed. I am here For your sake also later to serve the State of Israel.
We are bringing a tight budget today.
I didn't like saying no to many of you, but you have to act responsibly and professionally."
Smotrich commented on the interest rate increases and said that "we are aware of the consequences that the interest rate increase produces, but that is the purpose of the interest rate. True, there are other tools, but one must be careful of too many reforms. The credit market has undergone quite a few reforms and it must be allowed to stabilize, and of course the independence of the bank must be maintained Israel".
In the meantime, Minister of National Security Itamar Ben Gvir arrived at the cabinet meeting hours after it began due to the lack of agreement on the scope of his ministry's budget.
Ben Gabir has been holding meetings since last night with the Treasury officials to get an answer to his demands for raising police salaries, extensive recruitment and the establishment of a National Guard.
At the beginning of the meeting, Netanyahu asked to compliment Ben Gabir on his achievements in the budget and was surprised when he discovered that he was not sitting around the table.
Only now, six hours after the start of the session, he arrived at it, but there are no signs of agreement yet.
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