News Briefs

  Sivan 14, 5772 , 04/06/12

Finance Committee Chairman Welcomes 1-Year Budget

Chairman Moshe Gafni of the Knesset Finance Committee welcomed, Monday, Treasurer Yuval Steinitz's submission of a one-year budget proposal to Prime Minister Binyamin Netanyahu. Dr. Steinitz said, Sunday, that while there should be a two-year budget in 2014-2015, the 2013 budget should only be for one year.

Speaking at a committee hearing on the 2011 budget, Gafni said there was no reason for a two-year budget. He added that the committee would do its best to minimize the budget's tax impact in order to keep from hurting the middle and weaker classes. He called the government's record on affordable housing a "colossal failure", saying the situation has not changed, that [young] couples could not afford dwellings and that would be the central issue for the government to deal with.

Other archived news briefs:Jun 04 2012, 11:02 AM, 6/4/2012