Next government will need to spend less, says new budget plan
A recently-filed budget plan from the Finance Ministry projects a significant increase in the deficit in the coming years, which should be mitigated by cutting funds where possible.
By ZACHY HENNESSEY
Published: AUGUST 18, 2022
A new multi-year budget plan filed on Wednesday with the government secretariat offers insight from the Finance Ministry on inflation and rising costs in Israel over the last few years. It also presents data on projected government spending.
According to the document, those expenditures are expected to be several billion shekels higher than the budget allowed by government frameworks set in place, resulting in an expanding deficit over the next three years. In order to cope with that deficit, the submitted plan suggests that the next government make some serious budget cuts, or risk exacerbating the issue.
more............. https://www.jpost.com/business-and-innovation/banking-and-finance/article-715027
A recently-filed budget plan from the Finance Ministry projects a significant increase in the deficit in the coming years, which should be mitigated by cutting funds where possible.
By ZACHY HENNESSEY
Published: AUGUST 18, 2022
A new multi-year budget plan filed on Wednesday with the government secretariat offers insight from the Finance Ministry on inflation and rising costs in Israel over the last few years. It also presents data on projected government spending.
According to the document, those expenditures are expected to be several billion shekels higher than the budget allowed by government frameworks set in place, resulting in an expanding deficit over the next three years. In order to cope with that deficit, the submitted plan suggests that the next government make some serious budget cuts, or risk exacerbating the issue.
more............. https://www.jpost.com/business-and-innovation/banking-and-finance/article-715027
