Steven Scheer
3 minute read
United Arab List party leader Mansour Abbas, Yamina party leader Naftali Bennett and Yesh Atid party leader Yair Lapid, sit together in Ramat Gan, near Tel Aviv, Israel June 2, 2021. Picture taken June 2, 2021. United Arab List Raam/Handout via REUTERS
The possibility of new government in Israel has fuelled optimism that a long overdue state budget could be on the horizon.
Handcuffed by more than two years of political stalemate and four elections, Israel is still using a pro-rated version of a base 2019 budget that was ratified in mid-2018.
But a group of left-wing, centrist and right-wing parties looking to unseat Prime Minister Benjamin Netanyahu reached a coalition deal just before Wednesday s midnight deadline. A government could be sworn in next week, though Netanyahu is still working to scuttle the deal. read more
Israel
Thursday, June 3, 2021 at 11:36 am | כ ג סיון תשפ א
YERUSHALAYIM (Reuters) -
Thursday, June 3, 2021 at 11:36 am | כ ג סיון תשפ א
Yamina party leader Naftali Bennett, (L), with Yesh Atid party leader Yair Lapid, on Wednesday at the Knesset. (Ronen Zvulun/Pool Photo via AP)
The possibility of new government in Israel has fueled optimism that a long overdue state budget could be on the horizon.
After more than two years of political stalemate and four elections, Israel is still using a pro-rated version of a base 2019 budget that was ratified in mid-2018.
“The main agenda for this government is economic recovery,” said Jonathan Katz, chief economist at Leader Capital Markets.