Steinitz Proposes One-Year Budget for 2013 (INN) ISRAEL NATIONAL NEWS) By Maayana Miskin 06/03/12)
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Finance Minister Yuval Steinitz said Sunday that the budget for 2013
should be a one-year budget, rather than the two-year model he has
proposed. An exception should be made during years in which there are
national elections, he explained, addressing the weekly cabinet
The years 2014 and 2015 should share a two-year budget, he opined.
Three weeks earlier Steinitz had expressed different views. As
elections were canceled, he said the move would allow the government
to pass a two-year budget for 2013 and 2014.
At the time he said he was not completely sure if the plan was
practical. Legal issues regarding the influence of one governmentís
policies on the next may have played a role in his change of heart.
Steinitz has pushed the two-year model as a way to increase economic
stability. He has predicted that the model will eventually be adopted
Some fellow ministers oppose the switch to a two-year model, arguing
that it is not flexible enough to allow Israel to respond in a timely
manner to economic crises. (IsraelNationalNews © 2012 06/03/12)
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