Prime Minister Binyamin Netanyahu
Prime Minister Binyamin NetanyahuYonatan Sindel/Flash 90

Israeli Prime Minister Binyamin Netanyahu spoke on Sunday at the weekly Cabinet meeting about cannabis, revenue, and de-regulating Israel's economy.

"Today the Cabinet will discuss approving the new enforcement policy regarding those who use cannabis," Netanyahu said. "A team has considered the issue. Of course, this must be done cautiously and in a controlled manner. On the one hand, we are open to the future. On the other, we also understand the dangers and we will try to balance between the two.

"Today, the Cabinet will view the government ministries' work plans for the next two years.

"It must be understood that we are running the government and the economy here in a relatively innovative manner, one that certainly stands out vis-à-vis the countries of the world. When you manage some sort of business, you want – first of all – to ensure that revenues over time will be in proportion to expenditures, that expenditures will not be greater than revenues. We are doing so by controlling the budget, with a biannual budget, which affords us a planning horizon.

"We are setting quantitative goals for the ministries, and it is much easier to reach a certain place when you know where you are going. There is also the fact that we are checking what we have in hand, and whether we are publishing this. These are daring and correct things. This is how you run a business; this is also how you run a country.

"I must tell you that one of our major goals in the Prime Minister's Office is reducing the regulation that is choking the Israeli economy. We are in a reasonable situation vis-à-vis taxation even though Finance Minister Moshe Kahlon (Kulanu) and I believe that we need to lower taxation. But the heaviest part of the tax burden that we are levying on Israeli citizens and businesses is over-regulation.

"Included in this over-regulation are excessive directives and officials; we want to reduce them in order to lower the various costs to businesses and citizens in the State of Israel and make life easier here. Of course, there are many other goals and they will be presented here today. I think that with this step Israel is becoming one of the most advanced and transparent economies in the world.

"Lastly, no street in the State of Israel will be named after murderers of Israelis and Jews. Last Friday I spoke with Interior Minister Aryeh Deri (Shas). We cannot allow streets in the State of Israel to be named after Yasser Arafat and Haj Amin al-Husseini and others. We will make the arrangements, including new legislation if need be, so that this does not happen here."