01.07.2012                      11.Tammus. 5772

Haushalt 2013:

Despite objections, 3% budget deficit for 2013 set for cabinet approval

Government expected to support bill to increase deficit, despite criticism from Bank of Israel Governor Stanley Fischer.

Prime Minister Benjamin Netanyahu and Finance Minister Yuval Steinitz have been unmoved by criticism from Bank of Israel Governor Stanley Fischer over their plan to raise the 2013 budget deficit. At Sunday's cabinet meeting, government ministers are expected to approve a bill to increase the deficit target from 1.5% to 3%….