Steinitz, Sa'ar reach budget compromise

Steinitz, Saar reach bu

October 1, 2009 15:17


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 uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • 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

After Education Minister Gideon Sa'ar threatened to resign following a government discussion of proposed cuts to the budgets of several ministries, a compromise was reached Thursday afternoon. The Education Ministry's budget will now be cut in 2010, not 2009, and only by one percent - 75% less than had initially been proposed. The compromise was reached after Sa'ar and Finance Minister Yuval Steinitz debated the proposed cut throughout the morning hours. Other government ministries will be cut by 2%, the amount initially intended to be also reduced from the budget of Sa'ar's ministry. On Wednesday, Sa'ar said his ministry's budget had reached "a red line, like the Kinneret," and that he didn't know if he could remain in his position if the initially proposed cut was implemented. Steinitz said he was opposed to breaking the budget's legislated limits, and that the shortfall of funds due to the reduced cut could be made up from other budget surpluses. "Breaking the limits will be an ill omen for investors and may hurt the reliability of the Israeli market and Israel's credit rating," he said.

Related Content

Jisr az-Zarq
April 3, 2014
Residents of Jisr az-Zarqa beckon Israel Trail hikers to enjoy their town