BREAKING NEWS

PM, Steinitz to present NIS 2b. budget cut at cabinet meeting

PM, Steinitz to present

By JPOST.COM STAFF

SEPTEMBER 29, 2009 09:23

Prime Minister Binyamin Netanyahu and Finance Minister Yuval Steinitz will on Thursday present the cabinet with their recent decision to cut NIS 2 billion from the national budget. The cut, which constitutes some 2 percent of government offices' funding from the 2009-2010 budget, was set to come as a surprise to many cabinet ministers. NIS 500 million was set to cover expenses related to preparations for a possible swine flu outbreak over the winter, and NIS 1.5 billion for national security-related expenses, including intelligence, preparing the home front, and purchasing supplies.

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