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Sunday, November 4, 2012
Cabinet Approves Formation of Long-Term Socio-Economic Planning Staff

Cabinet Approves Formation of Long-Term Socio-Economic Planning Staff
(Communicated by the Prime Minister's Media Adviser)

The Cabinet, today (Sunday, 4 November 2012), unanimously decided to
implement the recommendations of the inter-ministerial team on setting the
Government's long-term socio-economic strategy.

According to today's decision, a ministerial team on economic strategy will
be formed, to be chaired by Prime Minister Benjamin Netanyahu. Professional
teams will be established at all relevant Government ministries in order to
integrate the planning and implementation of the Government's long-term
reforms.

The inter-ministerial team, which was chaired by National Economic Council
Director Prof. Eugene Kandel and Finance Ministry Director-General Doron
Cohen, was appointed by Prime Minister Netanyahu and Finance Minister Yuval
Steinitz approximately two years ago in order to develop a process to
facilitate long-term strategic thinking and the implementation of reforms in
the socio-economic sphere. The team also included Prime Minister's Office
Director-General Harel Locker, Bank of Israel Deputy Governor Dr. Karnit
Flug and Finance Ministry Budget Director Gal Hershkovitz.

The team focused on setting a broad Government strategy and on the
implementation of long-term reforms. The need for this stems from the
electoral system, limited Government terms and the lack of sufficient
coordination between the various Government ministries. This harms the
ability of the State of Israel to prepare for important challenges such as
those regarding energy, natural resources, demographics, etc. in a timely
manner.

Prime Minister Netanyahu stressed the importance of the decision and said,
"We must think ahead in order to meet the strategic needs of the State.
Despite the evident difficulty, in the last four years we have started more
than a few reforms the goal of which is to meet the long-term strategic
challenges of the State of Israel in the socio-economic field such as
building the separation fence, increasing competitiveness in the economy,
reforming the gas sector, the Sheshinski Committee and others. We will
continue to carry out these reforms and others in the fields of housing and
lowering the cost of living."

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