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Israel’s Cabinet Approves Two-Year Draft Budget Aimed at Boosting Economic Growth
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by News Editor
The Israeli flag. On Friday, Israel’s Cabinet approved a new draft budget for 2017 and 2018. Photo: Wikimedia Commons.
Israel’s cabinet on Friday unanimously approved a draft budget for both 2017 and 2018 aimed at boosting economic growth but which the central bank has said is too expansionary.
The two-year budget includes safeguards that will allow the 2018 budget to be reassessed next year if initial economic and fiscal forecasts are missed, with a provision for spending cuts if necessary to reach the deficit target.
Read full story at Reuters.
