Prime Minister Binyamin Netanyahu will do everything possible to pass the 2013 state budget and avoid initiating early elections that he believes would be bad for Israel and for the Likud, officials close to Netanyahu said Thursday.

The officials reacted to reports that senior Likud politicians were urging him to initiate an immediate election in order to avoid making inevitable cutbacks. The Likud politicians warned that making the cuts before the election could harm the party and help Labor.

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Netanyahu said Wednesday that “what Israel needs now is a responsible budget.” He warned that delaying making difficult economic decisions led to serious problems for other countries.