Central Bank Urges New Government: Think Long-Term, Make Israel More Productive

This article was first published by The Times of Israel and is re-posted with permission.

Israel must look beyond short-term budgetary constraints to support long-term government objectives, a report by the Bank of Israel said Wednesday, as it lay out four strategic steps to help the economy recover from the economic fallout of the coronavirus pandemic.

The costs of the proposed strategic steps should be funded by a mix of debt, taxes and a reallocation or a curbing of public spending, the authors of the report said.

The report, authored by members of the central bank’s research department, comes three years after the passing of the last national budget and as a new government takes the helm, led by Prime Minister Naftali Bennett.

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