Prime Minister Benjamin Netanyahu defends budget cuts designed to reduce the soaring deficit, telling his cabinet the Finance Ministry’s unpopular plan to slash over a billion shekels in public spending months before the September elections is “hard but necessary.”
The proposal for NIS 1.1 billion in across-the-board cuts to public spending has drawn opposition from lawmakers and cabinet ministers whose ministries would be affected by the austerity measures.
“Budget cuts are hard, but they are necessary,” Netanyahu says at the start of the meeting. “Nobody wants to do this. I understand the ministers whose offices will be affected by the cuts, but this is what we have to do. We have to take care of our priorities.”
Read more at Times of Israel.