Netanyahu raises 2013 deficit target by NIS 15 billion

27.06.2012                      07.Tammus. 5772

Ausgabenpolitik:

Netanyahu raises 2013 deficit target by NIS 15 billion

In wake of the renewed social protests, Netanyahu opts to grow Israel's debt rather than raise taxes.

In a surprise move, Prime Minister Benjamin Netanyahu decided on Tuesday to raise the budget deficit target for 2013, the aim being to avoid tax increases. The Prime Minister's Bureau said the deficit will grow to three percent of the gross domestic product next year, which is NIS 15 billion more than originally planned. But Netanyahu's office refused to say how the change would affect taxes, or whether the Value Added Tax would be increased or not….