Israel Bank leader warns new election would be a blow to economy

Prime Minister Benjamin Netanyahu and Kakhol Lavan’s leader Benny Gantz agreed to approve a budget until 2021 as a component of the coalition agreement among its components, but the prime minister is now calling for a budget covering the remainder of 2020, raising the uncertainty caused by the coronavirus pandemic.

Gantz insists on a budget that extends to next year, bringing up previous agreements. He is involved in netanyahu’s contemplation of next year’s budget talks as an excuse to divide the government in order to avoid a movement of force under its prime minister rotation agreement.

While Netanyahu will have to hand over the post of prime minister to Gantz if he calls new elections before Kakhol’s leader lavan assumes the post of prime minister in November 2021, the coalition agreement made an exception for failing to approve a budget, which led to the hypothesis of the Likud leader. Now the budget crisis forced the avoidance of having to leave the workplace in 15 months.

Netanyahu and Gantz agreed to create an emergency unit government amid the pandemic, after 3 consecutive election rounds, in April 2019, September 2019 and March 2020, which failed to produce a transparent winner.

Early Sunday, about 150 Israeli business leaders signed a letter calling on the government to approve a two-year budget until the end of 2021, saying it would bring economic stability to the country.

The initiative was led by Genie founder Ayelet Carasso, along with Shimon Eckhouse, founder of aesthetic generation company Syneron and her son, Ronen.

“Everyone understands that this period, the government’s greatest desire for departments to have the ability to plan until the end of 2021. It is an important key to boosting the economy and business in Israel. A budget until 2021 will help reduce economic uncertainty,” he reads the letter.

“We call on all Knesset members and all government ministers to adopt the state budget for the remainder of 2020 and 2021 without delay. Continue to keep you company in this vital resolution, do not forget your commitment to the citizens of Israel. They are precedent and they expect you to do, ” says the letter.

Carasso told Calcalist monetary news that the signatories came here from all political backgrounds.

“We have targeted all the factions and there is no political link here,” Carasso said. “Signatories, marketing specialists and economists on all sides of the political barricade are among the signatories of the letter, because everyone understands that the budget will have to be voted on. If the state were a company, it would fire the CEO or close its doors.” .

The signed letter, among others, through Cellcom President Ami Harel; There are Galis, CEO of Big Retail Group; Yoel Carasso, president of Carasso Motors; Giora Inbar; Avner Stepak, one of the owners of Meitav Dash Investment House; entrepreneur Orni Petruschka; Eyal Waldman, founder and president of Mellanox; and the inventor of the Dov Moran USB stick.

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