Treasury targeting Israel's poor business ratings in 2017 budget

May 24, 2016 18:50

Will 2017 be the year that Israel reverses its persistent plunge down the World Bank's Ease of Doing Business rankings?

Finance Ministry Director-General Shai Babad says it will.

Speaking at the Israel Democracy Institute's annual conference on Tuesday, Babad said that the ministry was preparing a package of reforms that would tackle Israel's ignominious place in the international rankings, cutting out bureaucratic steps, payments, and hassles associated with starting a new business.

Those reforms would ultimately be introduces as part of the upcoming economic arrangements law, the economic plan that accompanies the budget each year.

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