Industry, Trade and Labor Minister Eli Yishai submitted a proposal by which rises in basic monthly expenses would be reflected in twice-yearly raises to welfare payments and allowances to the elderly and disabled, as compensation for the 7.11-percent rise in bread prices approved by the ministry two weeks ago.
"Since [this] minimal alternative helps the target population more with the lowest cost to the budget than all [other] alternatives, it should be adopted," Yishai said Wednesday.
Other alternatives considered were canceling value-added tax on regulated bread items and directly subsidizing bread producers.
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