Officials in the government who were involved in the budget this evening (Saturday) in a conversation with "Israel Hayom" referred to the approval of the state budget last Friday and said that "the middle class will continue to erode, the approved budget does not encourage the exit of the ultra-Orthodox to the job market."
We also noted that "the ultra-Orthodox's coalition demands, which cost many billions, have been met almost in full. The current trends of growth in the non-working population will continue to increase, and the middle class will continue to pay the price. For Netanyahu, it was important first of all to please the coalition factions out of political considerations."
Passing the two-year budget with a low deficit target and without breaking frameworks is indeed good news for the Israeli economy especially at this time, but as it currently appears in the Settlements Law there is minimal reference to the cost of living.
Netanyahu, photo: Alex Kolomoisky
Thus, for example, one of the most important reforms designed to address the cost of living - the reform to combat concentration in the food and consumer products market, which imposes restrictions on large importers, was withdrawn from the Arrangements Law on the grounds of legal difficulties involved in its passage.
Positively, we can note the inclusion of additional credit points for parents of children up to the age of 18 - a benefit that will add hundreds of shekels to the net income of working parents who reach the tax threshold.
This benefit will cost the state coffers billions of shekels.
Additions estimated at approximately NIS 8 billion to the ultra-Orthodox parties - Shas and Torah Judaism were also approved as part of the coalition agreements to increase support for yeshivas and educational institutions, to raise teachers' salaries in ultra-Orthodox institutions and to distribute food stamps to the needy.
were we wrong
We will fix it!
If you found an error in the article, we would appreciate it if you shared it with us