BREAKING NEWS

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

PM, Steinitz to present

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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