Implementing the Bank of Israel’s recommendations will help take Israel into the future with a higher standard of living. I say this with complete certainty. This obviously requires considerable investment.
The cost of the measures that appear in the report, when fully implemented a few years from now, is not low—close to 3 percent of GDP, which is about NIS 44 billion per year in current GDP terms. The cost is high due to the large gaps that have developed in various areas over recent decades.