Israel's outgoing finance minister says incoming government will harm economy

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Israel's outgoing finance minister warned on Tuesday that the incoming government would be 'very socialist' due to a coalition deal involving an ultra-Orthodox Jewish party and this could cause a collapse of the economy.

Israeli Finance Minister Avigdor Lieberman speaks to members of the media at the weekly cabinet meeting in Jerusalem, September 11, 2022. REUTERS/Ronen Zvulun/File Photo

The right-wing Netanyahu, once an ally of Lieberman but now a political rival, has so far signed one coalition deal - with the ultra-Orthodox United Torah Judaism party - which Lieberman said runs counter to a free and open economy. A planned rise in funding for schools that do not teach core subjects such as English and math would undermine "the ability in future to enter the labour force", Lieberman added.Moshe Gafni, UTJ chief and head of parliament's finance committee, said on Tuesday there was a media campaign against his party that was "a complete lie".

 

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