Bezalel Smotrich said out of three pillars of Zionism – security, settlement, and Aliyah – the third had been neglected in recent years, and the new plan was a symbol of its renewed importance.
“We need to stop these cuts because we are not speaking about trimming the fat – there is no fat to trim. These are not extra funds."
Prof. Yaron Zelekha explains why rating agencies are losing confidence in Israel's economic policies.
Both Egypt and Qatar have acted as a mediator for the deal.
Committee members, mostly from the opposition, voiced concerns over the budget, especially in the wake of the credit rating agency Moody's decision on Friday to lower Israel's rating.
Israel’s politicians need to address the issue head-on, otherwise, they will be remembered as the coalition members that led to the downfall of Israel’s economy.
Moody’s announcement is viewed by both Netanyahu and Finance Minister Bezalel Smotrich as politically motivated and surreal, since they both keep speaking of the basic strength of the Israeli economy
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