Bank of Israel trashes Netanyahu’s stimulus plan, saying it lacks many details

The Bank of Israel criticizes the economic stimulus plan unveiled yesterday by Prime Minister Benjamin Netanyahu and Finance Minister Israel Katz, saying it is “missing many details” and data.

The Bank of Israel says the lack of details makes it impossible to draft a professional assessment of its cost, necessity and effectiveness, and that it has asked the Treasury and other bodies for additional information.

The plan, which includes cash payments to all citizens, is opposed by Attorney General Avichai Mandelblit and hasn’t been coordinated with professionals in the Finance Ministry.

It has been widely condemned as an election campaign stunt by Netanyahu’s Likud party ahead of the March 23 vote that has virtually no chance of passing.

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