No. 32: Amir Yaron and Michal Abadi-Boiangiu: Economic policymakers leading Israel toward recovery

Professor Amir Yaron, Governor of the Bank of Israel, has guided Israel's economy through the post-October 7 war period and into recovery. He implemented measures such as selling foreign currency to stabilize the shekel, easing credit burdens, and extending loans to small businesses. With the easing of fighting, consumer prices have returned to the 1%-3% target range, allowing the bank to lower borrowing costs. Yaron has also emphasized the need for fiscal discipline, stating that Israel cannot simultaneously increase defense spending, maintain current taxes, and reduce national debt. Michal Abadi-Boiangiu, as Accountant-General, plays a critical role in controlling government spending and managing national debt, particularly during a period of high financing needs and a war-driven deficit. Her office approves significant government expenditures and she serves as the primary contact for international credit rating agencies. Her return for a second term highlights the professional trust she commands in managing state finances.