The cabinet approves Netanyahu to head up a ministerial committee to deal with what the prime minister calls over-regulation of industries in the country that he says hamper growth.
At the start of the cabinet meeting, Netanyahu laid into the issue, pointing out that a recent study showed Israel as having the 106th least onerous regulation in the world, a drop from 23rd place in 2006, and vowing to fight the phenomenon “with axes.”
“We are harming citizens, we are primarily harming the weaker strata, when we harm growth, and we are harming all Israelis by hasty regulation. Then if someone thought that this was OK, this is not OK. We are in a bad place and we will improve and be in a better place,” he said.
Netanyahu is well known for pushing for fewer regulations as finance minister in last decade, including in the banking industry, and more recently as prime minister.
It is not clear who else will sit on the committee.
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Sunday, May 31, 2015
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