BREAKING NEWS

Government approves 2015-2016 budget after marathon session

By GIL STERN STERN HOFFMAN, NIV ELIS

AUGUST 6, 2015 05:15

Updated: AUGUST 6, 2015 05:26

The cabinet passed 2015/16 state budget Thursday morning after marathon negotiations among ministers and Finance Ministry officials at the Prime Minister’s Office stretched late into the night.

There was already a majority for the budget from Likud ministers, many of whom went home and left votes in favor on notes of paper. But Finance Ministry officials continued negotiating with Shas and Bayit Yehudi ministers in an effort to receive their support as well.

When the cabinet meeting on the budget began Wednesday morning, Shas officials boycotted it to protest the refusal by the Finance Ministry to distribute benefits to the poorest sectors of society via the party’s zero percent value-added tax flagship policy.

But by late Wednesday it appeared that differences had been resolved by appointing a committee.

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