israel cabinet passes austerity budget for 201314
Last Updated : GMT 01:54:55
Arab Today, arab today
Arab Today, arab today

Israel cabinet passes austerity budget for 2013-14

Arab Today, arab today

Arab Today, arab today Israel cabinet passes austerity budget for 2013-14

Jerusalem - AFP

The Israeli government on Tuesday adopted a deeply unpopular austerity budget for 2013-14 after a marathon overnight session, with the proposal due to be put to a vote in parliament in the coming months. The budget was passed by 21-1 in the early hours of Tuesday morning after a session which began almost 24 hours earlier. Defence cuts of 3.0 billion shekels (US$840.73 million/648 million euros), which were approved by the security cabinet on Monday morning, were 1.0 billion less than the figure proposed by Finance Minister Yair Lapid, and only a fraction of a military bill likely to hit 56 billion shekels (US$15 billon/12 billon euros). According to the budget proposal that was passed, the extra billion shekels will be taken from the budgets of almost every government ministry, except defence and welfare, which will see a 2.0 per cent cut this year, and 3.0 per cent in 2014. Corporate tax will be raised by 1.5 per cent, instead of 1.0 per cent, and income tax will also rise by 1.5 percentage points. There will also be a one-point rise in VAT, hiking it to 18 per cent. Lapid, in office for less than two months, is trying to plug a budget deficit expected to be capped at 4.65 per cent of gross domestic product this year and three per cent in 2014. His proposals have already sparked a public outcry, with thousands taking to the streets of Israel's main cities on Saturday to demonstrate in an echo of the mass cost-of-living protests which swept the country in 2011. But Netanyahu himself has come under fire as reports leaked out that he ordered a double bed installed on a plane flying him to London last month for the funeral of Britain's Margaret Thatcher, at a cost of US$127,000 (98,000 euros). Public anger over the austerity cuts and the so-called "bedgate" affair, was likely to be further fuelled on Tuesday with reports that the expenses of the prime minister's residence rose from 1.89 million shekels in 2009, to 3.29 million in 2012 (from US$520,000 to US$905,000) -- an increase of nearly 75 per cent. The figures were spelled out in a document submitted to the High Court by Netanyahu's office in response to a petition by the Movement for Quality Government, details of which were published in the top-selling Yediot Aharonot daily. According to the document, annual food and hosting expenses grew from 214,000 shekels in 2009 to 480,000 in 2012 (US$59,000 to US$132,000), while cleaning and housekeeping rose from 553,000 shekels to 1.2 million (US$152,000 to US$330,000). Two months ago, reports showing the Netanyahu family enjoyed state-funded 10,000-shekel (US$2,700) budget for ice cream further embarrassed the premier, prompting him to hurriedly cancel it.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

israel cabinet passes austerity budget for 201314 israel cabinet passes austerity budget for 201314

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

israel cabinet passes austerity budget for 201314 israel cabinet passes austerity budget for 201314

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Jordanian journalist happy of her career

GMT 17:37 2017 Thursday ,23 November

Jordanian journalist happy of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday