Bank of Israel governor criticises budget
Yaron says tax rises will not be enough to offset increased military spending and lower debt ratio
Israel’s central bank governor on March 26 criticised the government’s budget and said tax rises alone would not be enough to offset higher military spending and reduce the country’s debt-to-GDP ratio.
Amir Yaron argued that the government missed an opportunity to drive growth and improve productivity, according to a report by Reuters. A Bank of Israel spokesperson confirmed to Central Banking that the governor had addressed the press yesterday following the release of the bank’s 2024 annual
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