BREAKING NEWS

Steinitz rejects Barak's 'populist' budget suggestions

By NADAV SHEMER

NOVEMBER 1, 2011 14:53

Finance Minister Yuval Steinitz on Tuesday rejected Defense Minister Ehud Barak's calls for a new budget that would take into account defense needs as well as the demands of social protesters.

“Israel dealt with the economic crisis and managed to return to growth thanks to the economic policy of the government and finance ministry, which emphasized budgetary discipline. Populist suggestions that we break with the budget are likely to lead to economic deterioration and to mass unemployment,” Steinitz said in a statement.

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