BREAKING NEWS

Steinitz: New taxes unlikely in 2013

By NADAV SHEMER

DECEMBER 26, 2012 16:03

Finance Minister Yuval Steinitz said Wednesday that it is unlikely a Likud-led government will impose more tax hikes next year, although he refused to reveal anything about the party’s budget program.

Speaking on Army Radio’s morning program, Steinitz said: “It is impossible to say anything with certainty, but as it appears now we have already imposed enough taxes and will not need to add more [in 2013], definitely nothing substantial.”

The finance minister admitted that it would not be easy to make the NIS 14 billion in expenditure cuts required to meet next year’s 3 percent budget deficit target. However, he pointed out that the Netanyahu government inherited a NIS 18.5 billion “hole” when it won government in 2009, “and we managed with that.”

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