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      Archive: 12/31/2013

      News Brief

        12/31/2013, Tevet 28, 5774

      2014 Income-Tax Hike Cancelled

      With fewer than half the members taking part, the Knesset voted, Monday evening, to approve the revised 2013-2014 budget and a bill to change the national priorities for 2014. There were about twice as many supporters as opponents for the two measures.

      A reduction in reserves and interest expenses allowed the budget to pass without an increase in individual income tax that was previously announced.