Israel’s Yaron calls for targeted spending as elections draw near

bank-of-israel4
David Vaaknin

The Bank of Israel’s Amir Yaron has called for a mix of fiscal discipline and targeted spending as the country prepares to go to the polls.

The governor said the new government – to be chosen in elections on September 17 – must prioritise “worker productivity” if it is to boost living standards across Israel. Measures include education reforms, capital investment, improvements to infrastructure and changes to regulation. The central bank says such a programme could cost as much as 3% of GDP.

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