In boon to Bennett, Knesset fully okays 2021-2022 budget in its first readings

Chris

Administrator
Staff member
In boon to Bennett, Knesset fully okays 2021-2022 budget in its first readings
Financial plan moves forward for 1st time since 2018 after coalition compromises; PM hails ‘budget that cares for citizens’ while Netanyahu pans it as ‘terrible’
By TOI staff
2 September 2021

The Knesset gave its approval Thursday night to the 2021-2022 state budget in its first readings, passing four separate bills making up the legislative package, in a major milestone for the coalition. It was the first time budget legislation was approved by parliament since 2018. Recurrent government collapses and repeated elections since the end of that year have left Israel without a budget for over two years.

The budget is a crucial test for Prime Minister Naftali Bennett’s new government as it seeks to solidify its hold on power. The bills were passed after understandings were reached in the coalition on various issues under contention. The plenum first passed the budget framework bill, then the accompanying Arrangements Law — which determines how funds will be implemented — and finally the 2021 and 2022 budget bills themselves. All bills will now head to parliament’s Finance Committee and must pass their second and third readings in the plenum to become law.

more............ https://www.timesofisrael.com/kness...e-budget-in-first-reading-but-hurdles-remain/
 
Top