Israeli Ministers See Draft of Austerity Budget Ahead of Vote

Austerity budget includes a 1.5% income tax hike, health tax on housewives, cuts in child allowances, VAT at 18%.

The Finance Ministry sent the new drafts of the government budget for 2013-2014, along with the Economic Arrangements Bill, to all government ministers Monday evening. The ministers will now have until a special cabinet meeting next Monday to study the proposed measures before voting on the new budget and bill.