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Live UpdateFrom the Liveblog of Sunday, May 28, 2023
Netanyahu to form ministerial panel ‘on the fight against the cost of living’
Prime Minister Benjamin Netanyahu leads the weekly cabinet meeting at his office in Jerusalem on May 28, 2023. (Yonatan Sindel/Flash90)
Prime Minister Benjamin Netanyahu says he’ll establish a ministerial committee “on the fight against the cost of living” amid persistent inflation.
Speaking at the start of the weekly cabinet meeting, Netanyahu touts the budget passed last week as “a first step” in tackling rising prices and says he’ll head the proposed panel, which will include Finance Minister Bezalel Smotrich, Economy Minister Nir Barkat and “additional ministers and professionals.”
He calls for the committee to submit a plan “with a clear and detailed timetable” on how to address the matter “with all means including encouraging investment, lowering customs and breaking monopolies.”
Netanyahu insists that cost of living is the top issue for his coalition.
