Karnit Flug: Tax Revenue Must Rise to Ensure State Services

Bank of Israel head warns of shrinking tax base as population ages and Haredi, Arab communities grow.

The state must increase its tax revenues over the coming years in order to provide an effective level of services to the population while reducing the national debt, Bank of Israel Governor Karnit Flug said on Monday. She was addressing a conference on the future of Israeli society that was sponsored by the Central Bureau of Statistics.