Tel Aviv, Aug 2 (SocialNews.XYZ) The Israeli cabinet has kicked off discussions on the state budget, after more than three years amid a political deadlock.
"After three years in which Israel has been working without a budget, the most basic tool for running a country, we are now submitting for cabinet approval the 2021-2022 budget," Prime Minister Naftali Bennett said at a weekly cabinet meeting on Sunday.
According to Bennett, the budget includes investments in public transportation, internet infrastructure and technology, and education, reports Xinhua news agency.
"We are reducing bureaucracy and increasing competition, for everyone, but mainly for the weaker sectors," he said.
"This government is free to act on behalf of the general interest," the Israeli leader added.
The budget is expected to be brought for the approval of the Knesset, or Parliament, in the next months.
Passing the new budget in Parliament would be the first test for Bennett's new narrow coalition which has 61 seats in the 120-seat parliament.
During and after the two years of political deadlock and four elections, Israel has used a version of the state budget for 2019, which was approved in March 2018.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz