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New Israel Finance Minister Smotrich promises fiscal responsibility

Israel Materials 2 January 2023 01:40 (UTC +04:00)
New Israel Finance Minister Smotrich promises fiscal responsibility

Bezalel Smotrich took over as Israel’s finance minister on Sunday, pledging fiscal responsibility and a boost to competition while working to tackle high living costs at a time of elevated inflation and slowing global economic growth, Trend reports citing Reuters.

A host of ministries held changing of the guard ceremonies on Sunday after a new government of right wing and religious parties was sworn in last Thursday.

“Israel will be an island of stability and responsibility,” the 42-year old Smotrich told Reuters after the ceremony at the finance ministry.

He declined to give specifics of his planned fiscal policy, though acknowledged the country was entering a “challenging period” and repeated his belief in free markets driven by the business sector.

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