Among Israel’s drastic budget reforms, significant measures on ultra-Orthodox - Business - Israel News | Haaretz Daily Newspaper
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The planned reforms include halving financial support for yeshiva high schools whose students do not take matriculation exams; lowering prices for drivers by increasing competition among garages and importers; privatizing Israel Aerospace Industries based on a valuation of NIS 10 billion; penalizing local authorities that don’t transfer their water utilities to subsidiaries; combining weaker municipalities in the periphery to form larger, financially stronger regional governments; and forcing the Defense Ministry to sell off airwave frequencies so that the country’s communications networks can adopt 4G technology.
The draft also calls for using day-care subsidies to encourage employment; making employment a condition for receiving a discount on municipal taxes (arnona); increasing competition among food manufacturers, in part by doing away with import barriers; and making government regulation and bureaucracy more efficient.
The proposal, which Finance Minister Yair Lapid presented to Prime Minister Benjamin Netanyahu on Monday, comes alongside a Finance Ministry plan to hack government spending by NIS 26 billion for this year and next.