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Bar-On slams Steinitz on budget, deficit plan

By JPOST.COM STAFF

AUGUST 7, 2012 11:27

The root of economic problem is embedded in the two-year budgets, former finance minister and current Kadima MK Ronnie Bar-On, said Tuesday.

Criticizing current Finance Minister Yuval Steinitz, who engineered the two-year budgets as well as the unpopular deficit reduction plan passed on Monday, Bar-On said, "all the macroeconomic assumptions that were used two years ago are not applicable this year." That explains why government revenues were short NIS 18 billion, he said.

Bar-On added that different steps could have been taken in the deficit plan, and accused Steinitz of a shallow and superficial handling of the issue.

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