Finance minister expects cuts to defense spending

29.01.2013                      18.Schwat. 5773

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Finance minister expects cuts to defense spending

After delivering keynote speech at record-breaking Israel Bonds fundraiser, Steinitz predicts defense cuts to close NIS 14b. deficit.

Finance Minister Yuval Steinitz, fresh from a record-setting sale of Israeli bonds to investors in Florida, said on Monday that balancing the government budget will require "moderate but still significant" cuts to the defense sector….