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      Archive: 5/13/2013
      11:43
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      News Brief

        5/13/2013, Sivan 4, 5773

      Yechimovich: Don't OK Budget as Only Alternative


      Opposition Leader Shelly Yechimovich told the cabinet, Monday, not to accept the budget submitted by Treasurer Yair Lapid "as the one and only". The Labor party leader warned, in a document, of the budget's potential to the poor and middle classes, as well as the risk of recession.

      The document cited what Yechmovich called suppression of economic activity, as well as a lack of impetus for growth and forces to shrink the deficit. She said the poverty rate was rising at a dangerous rate and there was an uprecedented group of sectors that would be harmed by the budget as it now stands. The document included a graph indicating that those earning in the top ten percent would pay for only 2.2 percent of the budget balancing measures, while the bottom ten percent                                                                         would pay 25.1 percent.