Fischer: Next gov't will have to cut NIS 15b.

December 10, 2012 11:31


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

The next government will have to cut NIS 15 billion from its budget, Bank of Israel governor Stanley Fischer said Monday.

"The next government will have a big budgetary problem. The Treasury declared that the debt will be 4.2%, and there will be a high deficit. It's known that it will have to cut 15 billion shekels from its expenditures, and it is possible they will have to raise taxes," he said.

Fisher also said the economy is slated to a grow at 3% next year, a healthy amount given ongoing economic crises in Europe and the United States.

Related Content

Breaking news
August 15, 2018
Trump's National Security Advisor John Bolton to visit Israel next week