Tuesday, May 07, 2013

Despite raging opposition, new state budget wields extensive cuts, unprecedented tax

Finance Minister Yair Lapid presents the government with his ministry's final budget proposal for 2013-2014, outlining aggressive cuts and a series of new taxes meant to help cover some of the state's 39 billion shekel ($11 billion) deficit.

Budget by a thousand cuts: Finance Minister Yair Lapid
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Photo credit: Gideon Markowitz

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