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HomeNewsBusinessIsrael’s departing finance minister claims the new administration would hurt the economy

Israel’s departing finance minister claims the new administration would hurt the economy

Instead of making money, “it’s just take money, take money, take money,”

The coalition agreement between the right-wing Likud party and the far-right United Torah Judaism party, according to Liberman, who served in the Yair Lapid-Naftali Bennett coalition cabinet for the last 18 months. With the in issue deal, the ultra-religious group would receive extra subsidies, and yeshiva students would be exempt from military conscription.

Avigdor Liberman, Israel’s departing finance minister, cautioned on Tuesday that Benjamin Netanyahu’s new administration would be “extremely socialist” and might lead to the collapse of the economy.

The accords that are taking shape will (ultimately) lead to the collapse of the Israeli economy, according to Liberman, who also added that the pact is incompatible with a free market and would result in the reversal of reforms that permitted greater agricultural imports into Israel.

After the new administration is inaugurated in on Thursday, Liberman, a former ally of Netanyahu, will join Lapid’s opposition. Earlier on Monday, a number of significant Israeli corporations made a commitment to fortify their internal anti-discrimination policies in response to far-right coalition members’ measures that some fear may weaken the rights of minorities.

The minister emphasised that “it’s a really socialist attitude.” Instead of making money, “it’s just take money, take money, take money.”

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  • Israel’s departing finance minister claims the new administration would hurt the economy
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