Professor Eytan Sheshinski of the Economics Department at the Hebrew University told Arutz Sheva on Wednesday that Prime Minister Binyamin Netanyahu’s announced budget cuts were not surprising.
“If you look at tax revenues, you see that they have dropped by 190 million shekels, and the expected deficit is very worrying,” he said. “It will be more than four percent of the GDP, and that definitely requires corrective measures.”
Sheshinski said that the social protest is undoubtedly cost Israel money, saying, “There was a social protest and there were costs, such as free education for young children, and all kinds of demands of the social protest and now have to pay for it.”