Bank of Israel Estimates Savings from Integrating Haredi Recruits
1 report, 1 independent
Updated Sun 00:00
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What happened
The Bank of Israel is estimating the costs associated with current reservist policies. According to the estimates, relying on 30-year-old reservists costs the economy NIS 38,000 per reservist monthly. Integrating Haredi recruits into mandatory service could save the economy NIS 9 to 14 billion annually, which represents 0.4% to 0.7% of GDP.
From theyeshivaworld.com
Why it matters
The estimates suggest that shifting the military burden could alleviate strain on the national economy and families. The potential savings could lead to significant national budget optimization.
From theyeshivaworld.com
Who's involved
- Bank of IsraelProvides the national cost estimates and economic analysis.
- federal governmentPolicy decisions regarding manpower integration yield national economic savings.
- Ministry of FinancePolicy shifts could lead to significant national budget savings.
- Amir YaronBoI estimates inform the economic policy oversight role of the Governor.
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The entities involved
- NIS
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Bank of Israel
The central bank of Israel