BREAKING NEWS

Steinitz sees signs of improvements in poverty report

By JPOST.COM STAFF

NOVEMBER 17, 2011 13:11

Finance Minister Yuval Steinitz said Thursday that a new report on poverty indicated improvements in the wealth gap.

"I can inform you that for the first time we are seeing the beginning of narrowing gaps, the beginning of a poverty-reduction trend in all populations: the elderly, children, and the two most disadvantaged groups, the Haredim and the Arabs. This is an important topic we are dealing with every day," Steinitz said during an address to the Calcalist conference.

"The most important thing is to maintain economic investment growth, which allows increases in employment, decreased in unemployment and ultimately, a reduction in gaps," he continued.

Steinitz also announced plans to present the government with a detailed proposal in two weeks on improving financial education in Israel.

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