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      Archive: 12/10/2013

      News Brief

        12/10/2013, Tevet 7, 5774

      Treasury Optimistic for 2014

      Senior representatives of the Finance Ministry presented an optimistic picture for the near future to the Knesset Finance Committee on Tuesday. They said unemployment for 2013-14 will average 6.2 percent, relatively low for the blow to the economy expected in some circles. A positive influence on employment will come from increased exports as part of a world growth trend to continue through 2018.

      Saying its figures were more up to date than negative ones presented by the Bank of Israel, the Treasury representatives noted there were a number of technical reasons involved in the forecast, adding that the cabinet decision to forego a tax hike originally planned for January would cost the state 3.3 billion shekels. Charges related to the exchange rate with the United States dollar were expected to go down.