News Briefs

  Tishrei 24, 5773 , 10/10/12

Economist: Economy Won't Improve Following Elections

Zvi Zrahiya, corespondent with TheMarker financial news said he belives the econony won't improve following Israeli elections.
"Early elections were called due to the fact that it was not possible to pass the state budget for 2013," said Zrahiya in an interview with Arutz Sheva news.
He stated that the new budget was to include many cuts in social services such as child allowances, and as such, coalition partners vowed to vote it down.
Zrahiya believes that after the elections the economic situation will not improve. "Until there is a new budget, the government will have to make painful and drastic steps to fill the coffers of the state."

Other archived news briefs:Oct 10 2012, 05:15 PM, 10/10/2012