City
Epaper

High public budgets for ultra-Orthodox sector damages economy: Israeli economists

By IANS | Updated: May 22, 2023 06:10 IST

Jerusalem, May 22 An open letter, signed by 286 senior Israeli economists, warned of the consequences of the ...

Open in App

Jerusalem, May 22 An open letter, signed by 286 senior Israeli economists, warned of the consequences of the high funds recently approved by the government for the Jewish ultra-Orthodox sector, especially for its education system.

These state budget funds are included in the coalition agreements following demands by the ultra-Orthodox parties and are scheduled to be approved by the Israeli parliament in the coming days, Xinhua news agency reported.

The economists, including former finance ministry and central bank seniors, warned on Sunday that the high sums are expected to increase poverty and cause significant long-term damage to Israel's economy, "turning Israel from a progressive and prosperous country to a backward one."

They pointed out the outstanding fund allocations to unsupervised ultra-Orthodox educational institutions, most of them lacking full core studies.

"This measure will deny children in ultra-Orthodox education the opportunity to acquire basic skills essential for their future integration into the labor market," the experts wrote.

The letter also warned against the budgeting of food stamps to be distributed in the ultra-Orthodox sector without any employment conditions, which would reduce the incentive for ultra-Orthodox adults to integrate into the labor market.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: israeljerusalemXinhuaIsraeli EmbassyState Of IsraelIsraeli ArmyThe Jerusalem PostEast JerusalemIsrael Benjamin NetanyahuXinhua News
Open in App

Related Stories

InternationalIsrael-Iran Ceasefire: Dangerous Leaving Wounded Lion, Says Israeli Opposition Leader Avigdor Lieberman

BusinessIndian Stocks Recover From Heavy Losses As Israel-Iran Conflict Continues; Sensex Closes 511 Points Down

InternationalIsrael Airstrikes: 6 Military Airports in Iran Targeted; 15 Fighter Jets and Helicopters Reportedly Destroyed

National'We Should Ask Pakistanis': Asaduddin Owaisi on US Strikes on Iran’s Nuclear Facilities

InternationalUS Issues ‘Worldwide Caution’ for Americans After Iran Strike

Politics Realted Stories

Maharashtra'Chaddi Baniyan' Protest at Maharashtra Assembly: Opposition Stages Agitation Against Sena MLA for Punching and Slapping Canteen Staff (Watch Video)

MaharashtraMaharashtra Monsoon Session: Ajit Pawar Slams Bhaskar Jadhav Over Fund Allegations, Says 'No Need for Unsolicited Advice'

MumbaiUddhav Thackeray Pats Raj Thackeray on Back at Victory Rally Speech; Emotional Video of Thackeray Brothers Goes Viral

MaharashtraMarathi Language Controversy: ‘Did I Pass a GR Against Brotherhood?’ Devendra Fadnavis Hits Back at Uddhav & Raj Thackeray

NationalAssembly Bypoll Results 2025: AAP Wins Visavadar and Ludhiana West Seats; Congress Wrests Nilambur Seat in Kerala