Last remaining seats to the Jpost 2017 Annual Conference! Get your special offer now

Sources: Netanyahu backs raising deficit to 3 percent

ByADRIAN FILUT/GLOBES
June 26, 2012 12:44

Sources inform ''Globes'' that Prime Minister Binyamin Netanyahu has decided against the officials at the Finance Ministry, and will not raise taxes in 2013. Instead he will double the deficit target to 3% of GDP. He broke the news to the officials during a meeting this morning.

The original deficit target for 2013 was 1.5% of GDP; a 3% target means a deficit of NIS 13.5 billion.

Defense Minister Ehud Barak has long called for raising the deficit target by 0.9% in order to meet demands for social spending without cutting the defense budget supplements. Vice Premier Shaul Mofaz has also called for meeting the demands for social spending.

Share this article via
from around the web
Related Content
Breaking news
May 1, 2017
Mexican soldiers kill 7 gang suspects

By REUTERS

Top Stories
Israel Weather
  • 15 - 34
    Beer Sheva
    17 - 28
    Tel Aviv - Yafo
  • 15 - 28
    Jerusalem
    15 - 27
    Haifa
  • 22 - 34
    Elat
    19 - 33
    Tiberias