Bank of Israel calls on divided parliament to pass budget

David Vaaknin

The Bank of Israel (BoI) called on parliament on November 3 to pass the government’s proposed budget, a measure it deems crucial to boost productivity and growth.

The central bank stressed the “tremendous economic importance” of approving the budget, “given that the economy has been operating since the beginning of 2020 on the basis of an interim budget”.

The difficulties the governing coalition faces in obtaining enough parliamentary support are a reflection of Israel’s political polarisation

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