Daily Israel Report
17:49
Reported

News Brief

  5/14/2012, Iyar 22, 5772

Shalom Opposed to Two Year Budget


Deputy Prime Minister Silvan Shalom on Monday said that he was opposed to the two year budget proposed by the Finance Ministry. Shalom said that two years was too long a period to set a budget for during difficult economic times. “We must be more flexible in order to ensure that we are able to respond to the dramatic changes in the economy that is occurring throughout the world,” Shalom said.

Prime Minister Binyamin Netanyahu and Finance Minister Yuval Steinitz have used two year budgets for several years now. Setting the budget for two years, Netanyahu has said, makes the government more efficient, as any differences in opinion between parties, ministers, and Knesset members, which take a great deal of the MKs time and energy, are dealt with only once every two years, instead of annually.