Finance minister Lieberman: 4th wave of Corona pandemic has already cost the state NIS 4.1 billion

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by Ifi Reporter Category:Capital Market Oct 4, 2021

A heated debate took place on Monday in the Knesset's Finance Committee, when the Minister of Finance, Avigdor Lieberman, presented to the committee members "the most social budget ever approved in the Knesset," while the former chairman of the committee, MK Moshe Gafni, claimed that it was "The most anti-social budget that has ever been here." Lieberman emphasized in his remarks that "interest rates should be taken into account. There may be an increase in interest rates and this is a significant event for us."
In the first discussion of the presentation of the state budget in the Finance Committee by Finance Minister for three years and seven months, Finance Minister Lieberman noted to the committee members that the state of the Israeli economy is very good: "It is most important to emphasize that Israel's economy works On all expectations.Credit card activity breaks all records.When looking at the quarterly reports of all listed companies - they give a very clear picture. "The situation is also too good for exports - plus $ 13.2 billion in the last six months."
However, the Minister of Finance claimed, without attacking the Bank of Israel, that "the shekel is too strong and this harms, first of all, the industrial exports of the State of Israel. No hedging and no intervention by the Bank of Israel can help with this."
Lieberman argued that what characterizes the biennial budget brought by the Ministry of Finance for government and Knesset approval is "the most social ever received in the State of Israel and also has an unprecedented amount of growth engines. When I look at everything included in the Arrangements Law, the logic of the current budget It is the same reforms and structural changes that are supposed to bring about the revenues of the State of Israel in the years 2022-2021. "
Minister Lieberman noted that the years 2024-2023 should also be considered, "in which we will have to address groups in Israeli society that are deprived, in light of collective agreements that expired in 2019." Lieberman revealed for the first time that "all the agreements that await us along the way, administrative and farm workers, teachers, caregivers, doctors and soldiers' salaries, will together cost NIS 11 billion in a careful estimate."
Responding to allegations that this is an unsocial budget, Lieberman said: "I do not remember ever adding NIS 700 million to the budget base for the Ministry of Welfare, NIS 150 million for the fight against domestic violence, NIS 1 billion for the Ministry of Education, NIS 1 billion for the Ministry of Internal Security, including an increase of 1,100 police and crime. In the Arab sector, NIS 300 million is an addition to the annual grant for comparison survivors, NIS 800 million for IDF disabled people and NIS 5 billion for northern protection. "
Lieberman also emphasized the large investment expected in the Gush Dan metro, "the largest investment in the country's history," and particularly large investments in artificial intelligence, in the deployment of optical fibers and the addition of new generation 5 frequencies.
Referring to the corona crisis, Lieberman noted that this is already a real expenditure of NIS 137 billion in cash for the state, not including the loss of revenue. According to him, the fourth wave has already cost the state NIS 4.1 billion.

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