KEY POINTS
  • An influential group of Israeli economists is warning the government that it must make big economic changes quickly as the war with Hamas drags on.
  • The Israeli Economists' forum urged Prime Minister Netanyahu to re-open the government's budget.
  • "If there are expenditures in the budget that don't relate to the war, or the necessary rebuilding, they must be re-thought," said Itai Ater of Tel Aviv University's Coller School of Management.
Mourners place flowers during the funeral of Lili Itamari, 63, and Ram Itamari, 56, a couple from Kibbutz Kfar Aza who were killed in the deadly infiltration of Israel by Hamas gunmen from the Gaza Strip, in Kibbutz Ruhama in southern Israel, October 29, 2023. 

Hundreds of influential Israeli economists are warning the government that it must make big economic changes quickly, including re-opening the country's budget, as the war with Hamas approaches its fourth week.

The letter released Monday by the Israeli Economists' Forum calls on Prime Minister Benjamin Netanyahu and Minister of Finance Bezalel Smotrich "to wake up and start responding to the tough challenges that the Israeli economy faces."