In a televised address alongside Bennett, Finance Minister Avigdor Lieberman said the new plan, worth 4.4 billion shekels ($1.37 billion), would save the average Israeli family around 10,488 shekels ($3,270) a year
Israel unveiled a $1.3 billion plan to reduce the cost of living on Wednesday, including tax cuts for working families, child-care subsidies and streamlined regulation to stimulate price-cutting competition for products.
Rising prices have stirred anger among Israelis struggling to recover from the economic impact of the COVID-19 pandemic, prompting feuding between Prime Minister Naftali Bennett’s government and leading household goods suppliers and importers.
In a televised address alongside Bennett, Finance Minister Avigdor Lieberman said the new plan, worth 4.4 billion shekels ($1.37 billion), would save the average Israeli family around 10,488 shekels ($3,270) a year.
The plan also includes a reduction in the cost of state-provided electricity and the elimination of customs fees on a range of food imports.
Reuters