JERUSALEM (Reuters) – Israel’s new authorities won’t elevate taxes and is dedicated to passing a two-year 2021-22 finances, though time constraints imply the finances impression will largely be felt in 2022, Finance Minister Avigdor Lieberman mentioned on Monday.
The cross-partisan coalition beneath Prime Minister Naftali Bennett was confirmed on Sunday, ending years of caretaker governments beneath Benjamin Netanyahu throughout which Israel labored with month-to-month fairly than annual budgets, together with by way of the coronavirus pandemic.
“There will probably be no tax hike. We oppose a tax hike. Taxes shouldn’t be raised, and there will probably be no going loopy on the finances subject,” Lieberman informed reporters.
He mentioned the varied coalition events had agreed to draft a two-year finances inside 140 days. However, he mentioned, the excessive Jewish holidays in September would possible trigger lags.
“We won’t have a lot leeway to have an effect on something in 2021,” he mentioned. “The emphasis is in 2022.”
Writing by Dan Williams; Enhancing by Maayan Lubell and Catherine Evans