Government mulling cuts and tax hikes to curb spiraling budget deficit

23.07.2012                      04.Aw. 5772

Haushalt:

Government mulling cuts and tax hikes to curb spiraling budget deficit

The Finance Ministry is expected to present more detailed plans for both proposals to Prime Minister Benjamin Netanyahu within a week.

This year's state budget may soon be cut by more than a billion shekels and new taxes generating another billion shekels may be enacted, it was decided at a secret meeting at the Prime Minister's Office yesterday….