Lapid abolishes bi-annual budget, returns to 1-year budget

By JPOST.COM STAFF
April 7, 2013 09:46




Finance Minister Yair Lapid announced Sunday that he had decided to abolish the two-year budget and return to the one-year budget system.

Lapid said this decision was taken together with Prime Minister Binyamin Netanyahu.

He said that the large gaps between the bi-annual forecast and the actual tax revenues led the economy into deep deficit.


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