Prof. Manuel Trajtenberg, Chair of the Committee that brought an end to the social protests eight years ago, is deeply worried. Less about the budget deficit, than about the current process. For the next government, when it is formed, he recommends abandoning the budgetary expenditure principle, in favor of a multi-year program; to raise the tax on value added, and mainly, to make strenuous efforts to restore public trust in government.
“Israel is in the midst of a time in which budgetary policy has been fixed, unchanged, and for years has been dogmatic and obsolete. If the next government fails to change this policy, then we face a serious crisis.” Thus, in sharp words that are in stark contrast to his normally sedate character, Prof. Trajtenberg warns of the coming storm.
