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Daily Israel Report
08:58
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News Brief

  7/9/2009, Tammuz 17, 5769

Steinitz: Two Year Budget is a Worldwide Innovation


Finance Minister Yuval Steinitz said in an interview Thursday morning that he does not view the radical changes in his version of the state budget – such as the cancellation of value added tax on the sale of fruits and vegetables – to be a major personal setback for him. "I do not intend to resign, and I am proud of what I have achieved so far." According to Steinitz, Israel's adoption of a two year state budget is a singular achievement that will be duplicated by governments around the world.

In the interview, Steinitz denied the speculation in recent days that he would quit his post because of the changes, and especially because of the lack of support from Prime Minister Netanyahu who had changed course on some of the measures, such as previously supporting VAT on fruits and vegetables and then changing his mind.