Knesset Passes Extension to Submit Budget
Written by: Aaron Katsman | April 7, 2009
The new Netanyahu governemnt bought a bit of time to submit their budget.
According to Globes: “The amendment, submitted by Minister of Finance Yuval Steinitz, allows the government and Knesset to approve the two-year budget from 45 days from the day the government was sworn in to 106 days. The extension means that the two-year state budget will be submitted to the Knesset for its second and third readings on July 15.The vote was 63:27. Most of the opponents to the amendments were Kadima MKs, who objected to laws defined as temporary directives, but including amendments to Basic Laws. They argued that it is not possible to anticipate the measures that will help Israel deal with the economic crisis beyond a one-year timeframe.”
Hopefully the extra time will allow the policy makers to come up with a sound budget.
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