Prime Minister Binyamin Netanyahu stressed tax cuts and deregulation in remarks, Thursday, to open the cabinet's discussion on the 2017-18 budget. Paralleling remarks by Treasurer Moshe Kahlon, he said, "The budget will encourage investment, increase competition and lower the cost of living."
Netanyahu said, "Lowering tax rates leads people to invest, entrepreneurs will invest, employees will work, people will assume risk in order to create value." He said regulation is strangling the economy. The prime minister said Israel was "encouraging additional international technology firms to come and invest in Israel," and continuing to invest in roads and public transportation.