Moshe Kahlon
Moshe Kahlon Hillel Meir/ TPS

Finance Minister Moshe Kahlon (Kulanu) on Thursday morning announced that he would lower taxes after the upcoming Passover holiday.

However, in an interview with Army Radio, it was not clear which taxes he would lower or by how much.

According to Kahlon, the decision comes after he received reports for the first quarter of 2018 which showed that the positive trend of 2017 was continuing.

"We are currently in the third month of 2018," Kahlon said. "According to the growth and management of the economy, we're in a very good place. Immediately after Pesach (Passover), we will make a decision to lower taxes, and with that money, we will grow the economy and help working couples increase their extra income."

Kahlon also noted the housing prices, and said that because of "the enormous demand for apartments right now, contractors are stuck with tens of thousands of housing units and insist on not lowering the prices. But it'll come. People understand that it's no longer worth it to invest in apartments to rent out - it's not the most attractive. The Buyer's Price (Mechir Lemishtaken) program is flourishing, it's a real program and it will influence the market."

Mechir Lemishtaken offers eligible first-time buyers the opportunity to enter a lottery and win the right to a brand-new, subsidized apartment. According to Kahlon, the program aims to "put an end to the building companies' and contractors' ability to run Israel's housing market."