Archive: 5/9/2013
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  5/9/2013, Iyar 29, 5773

Bank of Israel's Fischer Supports Lapid's Program


Governor Stanley Fischer of the Bank of Israel expressed his support, Thursday, for the financial program of Treasurer Yair Lapid. Fischer said, "While the program is complex and includes many steps, both on the expenditure side and the revenue side of the government, it's a courageous program which combines the all-inclusive steps intended to return the budget framework to a responsible outline."

Fischer added, "This outline will prevent loss of control over the budget and, in the final analysis, will return the economy to reducing the burden of deficit relative to gross domestic product and therefore it's an important and responsible program."