Bank of Israel governor calls on PM to make financial adjustments
Amir Yaron writes to Netanyahu after agencies downgrade country’s credit rating
The Bank of Israel governor has called on prime minister Benjamin Netanyahu to make “permanent adjustments” to the public finances ahead of the 2025 state budget.
In a letter to Netanyahu on August 18 – translated excerpts of which were reported in the Financial Times and Israeli newspaper Haaretz – Amir Yaron said fiscal policy would need to be changed to generate growth and bring the debt-to-GDP ratio down to a sustainable level.
The ratio hit 62.1% last year, and the Bank of Israel projects it
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