web analytics
October 1, 2014 / 7 Tishri, 5775
At a Glance
News & Views
Sponsored Post
Meir Panim with Soldiers 5774 Roundup: Year of Relief and Service for Israel’s Needy

Meir Panim implements programs that serve Israel’s neediest populations with respect and dignity. Meir Panim also coordinated care packages for families in the South during the Gaza War.



Cabinet Passes ‘Austerity Budget’

The Cabinet Monday evening passed a two-year budget, nearly five months late, with tax hikes and across-the-board cuts in spending, Only one minister voted against the  budget, the second and last time it will cover two years instead of one.

Finance Minister Yair Lapid, who is chairman of the Yesh Atid party, said after the vote that the budget is “first stage in changing peoples’ lives in Israel.”

The Value Added Tax on most goods, except food, will rise from 17 percent to 18 percent. Income taxes will rise for upper income families, and ministries will have to get by with last outlays, meaning cuts in services.

Bank of Israel Governor Stanley Fischer announced a surprise quarter-point cut in the interest ate Monday night, two weeks ahead of the end-of-the month decision n whether to change the rate for the following month. He also praised the new budget, which could lead the country out of a huge deficit that has mounted in the past three years following several years of a surplus.

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 “Cabinet Passes ‘Austerity Budget’”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Jews Against Genocide mimicked and blasphemed the ALS Ice Bucket  Challenge with their anti-Israel "Blood Bucket Challenge."
‘Jews Against Genocide’ Take ‘Blood Bucket Challenge’ at Yad Vashem [video]
Latest News Stories
Jews Against Genocide mimicked and blasphemed the ALS Ice Bucket  Challenge with their anti-Israel "Blood Bucket Challenge."

‘Jews Against Genocide’ pervert the Ice Bucket Challenge into a “blood bucket” attack on the IDF.

An Israeli was lightly injured in a Arab drive-by attack near Ofra.

To defeat ISIS and leave Iran as a threshold nuclear power is to win the battle and lose the war.

Convicted murderer of Philadelphia police officer Daniel Faulkner, Mumia Ab-Jamal.

Mumia Abu-Jamal, convicted murderer of a Philly cop, was chosen as college commencement speaker.

Israeli transportation and tourism employees will carry out a work slowdown on Wednesday in solidarity with striking postal workers.

Wartime makes the strangest bedfellows. Iran and the United States are both equipping the Lebanese army to protect the country against ISIS.

Afek Oil and Gas has been blocked from drilling for oil on the Golan Heights, at least for now.

A 30-year-old man is listed in serious condition after setting himself afire at the Savion Junction in central Israel on Tuesday.

A Muslim football player was penalized in Kansas City for offering a quick prayerful gesture of thanks after scoring a touchdown for his team.

The Zim Shanghai moored a short while ago at the Port of Los Angeles.

The blatantly hostile state department press corps belittled and mischaracterized Netanyahu’s UN speech.

Children help clean up Ashkelon in an event organized by the Jewish National Fund, as part of Clean up the World Day, on Sept. 29, 2014.

Jews are becoming as safe in France as they are in Iraq, Yemen and Syria.

Children were rushed to bomb shelters in the Jerusalem neighborhood when Arabs began throwing explosives at the neighborhood and at Jewish toddlers playing near their nursery schools.

Volkswagen tries to cleanse its Nazi-linked past.

More Articles from Jewish Press News Briefs

An Israeli was lightly injured in a Arab drive-by attack near Ofra.

To defeat ISIS and leave Iran as a threshold nuclear power is to win the battle and lose the war.

Israeli transportation and tourism employees will carry out a work slowdown on Wednesday in solidarity with striking postal workers.

A 30-year-old man is listed in serious condition after setting himself afire at the Savion Junction in central Israel on Tuesday.

The Zim Shanghai moored a short while ago at the Port of Los Angeles.

Children were rushed to bomb shelters in the Jerusalem neighborhood when Arabs began throwing explosives at the neighborhood and at Jewish toddlers playing near their nursery schools.

ZIM may not call on the Port of Oakland again, certainly not until the ILWU 10 has a contract and guarantees to unload ZIM ships. Other shipping companies wary of the port’s unreliability may also consider the same.

Dozens of Jewish graves and gravestones on the Mount of Olives were desecrated during Rosh HaShanna.

Printed from: http://www.jewishpress.com/news/breaking-news/cabinet-passes-austerity-budget/2013/05/14/

Scan this QR code to visit this page online: