Israel's credit rating is stable,

The Prime Minister of Israel

2 mins · 

 Israel's credit rating is stable, 

Prime Minister Benjamin Netanyahu made the following remarks at the start of the Cabinet meeting today:

"Today we are holding the last Cabinet meeting of the 33rd Government and we are preparing for the first meeting of the new government. I always regard the task of leading the country as being entrusted with a valuable asset – the country – and my responsibility as Prime Minister, and ours as a government, is to return to the public a more secure, prosperous and developed country.

As I summarize the activity of the 33rd government, I can certainly say that despite the difficulties, and there were many, we advanced – during these years – the State of Israel on three main axes. In the over two years of this government's existence, since its first meeting, the region around us has been roiling and stormy. And despite the many attempts to challenge us on our borders, we rebuffed all of these attempts bar none: From Hezbollah in southern Lebanon, through Iran's attempts to develop a new front against us on the Golan Heights, to the unceasing efforts to bring advanced weaponry from Syria to Lebanon, and including Hamas's efforts to perpetrate strategic attacks against us in the south. In Operation Protective Edge, we hit Hamas as hard as it has ever been struck since its founding.

Above all, we have acted unceasingly against Iran's attempts to arm itself with nuclear weapons. This effort is at its peak. We will not relent. We will continue to maintain Israel's right to defend itself under any conditions and in any situation.

In the diplomatic sphere, we made another effort to move forward on an agreement with the Palestinians, but once again when there was a need to make tough decisions; Abu Mazen decided to abandon the negotiations. He appealed unilaterally, and in contravention of all the agreements, to the international arena. He abandoned the negotiations and entered into an alliance with Hamas.

In the diplomatic arena, we started to develop new markets for the Israeli economy – in both the diplomatic and the economic arenas – vis-à-vis the giant economies of Asia: India, China and Japan. We joined the Latin American Pacific Alliance as an observer.

We are developing a new industry that is essential to the future of humanity – cybersecurity. This is developing very quickly and dramatically. We are devoting many resources to it, including a special IDF unit and my instructions are to not only develop this ability for the security of the State of Israel, but to integrate it with Be'er Sheva and the Negev, with our academic ability and with industrial development for Israeli and foreign companies. This is happening before our eyes and is changing the face of the Negev and – in effect – the face of the country. It will turn – it is already turning – Be'er Sheva into a global cyber capital.

We raised the minimum wage again. Unemployment continues to be low. Israel's credit rating is stable, which is no small feat given the economic upheavals that are continuing to rock the world. Additionally, we have continued the accelerated link between the Negev and the Galilee and the center of the country. In the past six years, we laid twice as much railroad track as in the previous six years. We did likewise with highways and interchanges and we are still busy.

We completely blocked illegal migration across our borders, something that no other country in the western world has succeeded in doing. The fence that we built has completely proven itself. We added to this legislative and enforcement measures, as well as others, and in this context I note the opposite trend that is now taking place in Western Europe. As Europe notes an increase of hundreds of percent in the influx of illegal migrants, thousands of illegal migrants are leaving Israel per annum. This is a very important achievement for assuring Israel's image and character as a Jewish and democratic state.

There is no doubt that much work is yet before us and I promise to do everything so that the next government continues to do it and will even add many more important actions in various areas for the security and welfare of Israel's citizens.

I would like to thank the members of the outgoing government once again and may we continue to work on behalf of the State of Israel in order to build its security, assure its prosperity and – of course – continue its development."