Friday, September 18th | 29 Elul 5780

Subscribe
August 11, 2020 9:23 am

Bank of Israel Governor Urges Government to Pass Budget, Prevent New Elections

avatar by JNS.org

Bank of Israel Governor Amir Yaron gestures while he speaks during his interview with Reuters in Jerusalem, June 16, 2020. Photo: REUTERS/Ronen Zvulun.

JNS.org – Bank of Israel Governor Amir Yaron has called on the government to pass the national budget as soon as possible to stave off another round of Knesset elections as the country grapples with the health and economic repercussions of the coronavirus pandemic.

In a statement on Sunday, he said “the changing morbidity trends and developments in Israel and around the world are causing great uncertainty regarding employment, businesses’ income and government intake and expenses. The government must move forward as quickly as possible in determining a clear outline for the state budget and other economic decisions needed at this time.”

It is vital, he said, that there be “stability in the conduct of the government and an orderly decision-making process.”

“Reducing the political uncertainty would contribute to the confidence of the markets in the Israeli economy and improve the ability to deal with the [COVID-19] crisis,” he said.

Related coverage

September 17, 2020 3:08 pm
0

Shin Bet Reveals Iranian-Hezbollah Terror Recruitment Network in Israel

JNS.org – The Shin Bet revealed on Thursday the existence of a joint effort by the Iranian Quds Force and...

Yaron’s statement comes in the midst of a stalemate 0ver the budget between coalition partners Likud, headed by Prime Minister Benjamin Netanyahu, and Blue and White, led by Defense Minister Benny Gantz. Gantz is accusing the Likud of violating the coalition agreement, which stipulates the signing of a two-year budget, for 2020 and 20121.

Netanyahu has been pushing for a one-year budget, which would effectively cover only the last quarter of the year, as a result of the uncertainly created by the coronavirus crisis.

According to the coalition deal, if the state budget is not passed by Aug. 25, the Knesset will automatically dissolve and new elections scheduled.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

Algemeiner.com

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.