As Israel’s new finance minister, Bezalel Smotrich promised
fiscal responsibility, increased competition, and a focus on
reducing the country’s high cost of living during a period of
rising inflation and sluggish global economic growth, Azernews
reports citing Reuters.
After a new government made up of right wing and religious
parties was sworn in last Thursday, numerous ministries held
changing of the guard ceremonies on Sunday.
“Israel will be an island of stability and responsibility,” the
42-year old Smotrich told Reuters after the ceremony at the finance
ministry.
Although he acknowledged that the country was entering a
“challenging period” and reiterated his belief in free markets that
are driven by the business sector, he declined to provide specifics
about his planned fiscal policy.
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