News Briefs

  Tamuz 2, 5773 , 10/06/13

Bank of Israel: Tax Hikes Needed in 2015 and 2016

The Bank of Israel said, Sunday, that a tax increase of four billion shekels will be needed in 2015 and a tax hike of seven billion shekels will be needed to meet the government's budget-deficit targets.

The bank also claimed, in a special economic review, that six billion shekels will have to be cut from the budget to avoid going through the ceiling established by law.

Other archived news briefs:Jun 10 2013, 08:42 AM, 6/10/2013