Bank of Israel governor calls on PM to make financial adjustments

Amir Yaron writes to Netanyahu after agencies downgrade country’s credit rating

Israel-Palestine on map

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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