web analytics
December 19, 2014 / 27 Kislev, 5775
 
At a Glance
News & Views
Sponsored Post
8000 meals Celebrate Eight Days of Chanukah – With 8,000 Free Meals Daily to Israel’s Poor

Join Meir Panim’s campaign to “light up” Chanukah for families in need.



Biannual Budget Cancelled

Finance Minister Yair Lapid announced he has canceled the controversial biannual budget concept, and the change will be implemented once this current biannual budget gets passed in the coming month.

The idea of working with a two-year budget was introduced in the previous government as a way of providing coalition stability.

In previous governments, negotiating and passing the annual budget would strain the coalition at its seams, as differing interests would often nearly rip the coalition apart. In order to avoid the risk of dissolution of the coalition, Netanyahu’s government decided to reduce the number of times the budget would need to be renegotiated.

Lapid claims that the government’s overdraft is a result of the discrepancies that resulted from the government’s expectations not meeting up to fiscal reality, and the inability to fix those errors within the fiscal year because of the 2 year plan.

The country will go back to the annual budget starting in 2015.

About the Author: JewishPress.com brings you the latest in Jewish news from around the world. Stay up to date by following up on Facebook and Twitter. Do you have something noteworthy to report? Submit your news story to us here.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Biannual Budget Cancelled”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Moshe Kachlon (L) and Avigdor Liberman (R)
Liberman’s Secret Plan to be Crowned Prime Minister
Latest News Stories

Four in serious condition; doctors not sure why.

Moshe Kachlon (L) and Avigdor Liberman (R)

Liberman and Kachlon may merge right after elections – and the larger party will recommend Liberman for Prime Minister to the President.

New York police responded instantly to a call for help and saved countless lives at "770" Eastern Parkway.

A Chabad rabbinic student stabbed in “770″ has returned home from the hospital.

Arabs attacked an Israeli bus traveling between Arad and Be’er Sheva along Highway 31 Thursday evening.

The UN General Assembly approves resolution to refer N. Korea to the Intl Criminal Court at The Hague.

Israeli soldiers stand guard near large public menorah near the site where Dalia Lemkus, 26, was stabbed to death at a bus stop near the entrance to Alon Shvut last month.

US teachers are learning “3-D printing” from the Dept. of Defense.

U.S. lawmakers were divided, but many upset, about Pres. Barack Obama’s secret talks that restored full relations with Cuba.

Harvard announced it will “look into” its boycott of SodaStream. But will it remove the boycott?

PM Binyamin Netanyahu warns he will not allow the UN Security Council resolution on behalf of the PA to endanger Israeli citizens.

Israeli soldiers holding (and eating) ‘sufganiyot’- doughnuts traditionally eaten on Hanukkah, as they pose for a pictures on the 2nd night of Hanukkah at a candle lighting ceremony held near the Gush Etzion junction. This particular lighting ceremony was held at a memorial spot in commemoration of the three Jewish teenagers who were kidnapped and […]

Excavations also turned up hidden tunnels dug by Jewish rebels in the period of the Bar Kokhba Revolt.

Is Sydney also going to turn out the lights on Christmas trees?

25-year-old man threatened former Shas party head with violence.

More Articles from Jewish Press News Briefs

Arabs attacked an Israeli bus traveling between Arad and Be’er Sheva along Highway 31 Thursday evening.

The UN General Assembly approves resolution to refer N. Korea to the Intl Criminal Court at The Hague.

US teachers are learning “3-D printing” from the Dept. of Defense.

After 5 years in jail, Cuba has released Jewish-American Alan Gross.

In the boy’s bag police found a Chanukiah, oil candles and matches.

The European Jewish Congress (EJC) has expressed outrage over the removal of Hamas from the European Union’s list of officially designated terror organizations, after the European Court of Justice in Luxemburg accepted an appeal filed by Hamas against its inclusion in the list. “We have reached a new low in moral relativity if an organization […]

“We are not satisfied with the European Union’s explanation that the removal of Hamas from its list of terrorist organizations is a ‘technical matter,” ‘Prime Minister Benjamin Netanyahu said on Wednesday following the decision of the General Court of the European Union. “The burden of proof is on the European Union and we expect it […]

Printed from: http://www.jewishpress.com/news/breaking-news/biannual-budget-cancelled/2013/04/07/

Scan this QR code to visit this page online: