City
Epaper

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

By IANS | Published: May 22, 2023 6:00 AM

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

InternationalIsraeli Ministry of Foreign Affairs Advises Citizens in Maldives to Leave, Following Government's Entry Ban

InternationalKiller of 2 Israeli Soldiers at Large After Initially Surrendering Himself to Palestinian Police

InternationalGaza: 70 Dead Bodies Recovered in Jabalia Camp After Israeli Army's Withdrawal (Watch Video)

NationalKillings in Rafah 'Heartbreaking': India Reacts to Israel's Attack on Southern Gaza Region; Watch Video

InternationalIsraeli Army Has Taken Complete Control of Gaza-Egypt Border

Politics Realted Stories

PoliticsLok Sabha Election 2024: Key BJP Meeting Being Held at JP Nadda's Residence, Amit Shah in Attendance

PoliticsDelhi CM Arvind Kejriwal Visits Raj Ghat and Hanuman Temple Before Surrendering at Tihar Jail (Watch Video)

PoliticsAssembly Election 2024: BJP Leads in Arunachal Pradesh, SKM Likely to Dominate Sikkim

PoliticsRahul Gandhi, Mallikarjun Kharge To Hold Meeting To Strategise on Exit Poll Outcomes

NationalNews 24-Today's Chanakya Exit Poll Predicts Clean Sweep for BJP in Gujarat and Chhattisgarh in Lok Sabha Election 2024