The cabinet on Friday approved the 2017-2018 budget plan after an all-night session -- a plan which included a series of reforms, tax cuts and a surge in spending.
Prime Minister Benjamin Netanyahu praised the approval of the "important budget" for having "the basics [needed] for competition, reforms, growth, lowering the cost of living and lessening inequality."
The ministers began the budget session on Thursday afternoon, though it still must go through committee hearings and three full readings in the Knesset before it goes into law.
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