In an interview with Army Radio, Bank of Israel Governor Stanley Fischer expressed worry at the lack of progress being made on the presentation of the 2013-14 State Budget. According to Fischer, the fact that work on writing the budget has barely begun is “very worrying. The question what will come at the end. Either we will have a budget, or we will have elections. If we cannot come to an agreement with coalition partners about outlay and income, elections would be preferable,” Fischer said.
Fischer said that the state of the economy in Israel was “good, but not excellent,” but in better shape than in Europe and many other places in the world.