Daily Israel Report
12:38
Reported

News Brief

  5/1/2013, Iyar 21, 5773

Lapid: Financial Uncertainty Prevents a Biennial Budget


Finance Minister Yair Lapid told the Knesset Finance Committee Wednesday why he decided to discard the biennial budget proposal suggested during the previous government tenure, "With no annual control of money spent by the government, there is no way to foresee national income levels biennially. The economy is a world of uncertainty, and planning ahead is not a realistic option."