Netanyahu: Legal reforms will bring more growth

• Published date: 25 January 2023

Netanyahu said, "In recent days I hear concerns that about the influence of the reforms on our financial strength. The truth is the opposite. It is not only that our measures won't do any harm, but they will strengthen us and restore Israel to a stronger legal status

"I have said in the past that we need to reduce government expenditure and open up to competition, and we have one of the world's strongest economies."

Netanyahu continued, "The debt: GDP ratio is currently less than 61%, much less than the forecasts. The forecasts were wrong." He added, "Already in the past I expected there would be a struggle against the obstacles of excessive regulation and legal processes."

"Getting the natural gas out of the water, which received funded opposition, brings tens of billions of shekels into Israel. We are an energy power and the electricity prices here are among the lowest in the world. This step of removing the gas was delayed by excessive legal processes, including in the Supreme Court, and it is doubtful that it should have gotten there. "Road 6 was delayed and halted because of legal procedures as well as the Tel Aviv - Jerusalem fast rail link. Thus endless projects were delayed because of excessive legal processes and it is like a wrench in the wheels of Israel's economy.

"We are committed to the independence of the courts and there will not be any damage to property rights. There is a tsunami of lies that have nothing to do with reality.

"The World Bank ranked us number 85 in the world in honoring agreements because of excessive legal processes.

"Removing excessive legal processes will bring more growth. Our political opponents defame Israel in...