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Last update - 09:42 27/03/2008 Netanyahu calls for treasury to cut taxes and state budget By Zvi Zrahiya, Haaretz Correspondent Tags: Israel, Benjamin Netanyahu  Opposition leader and Likud head Benjamin Netanyahu called for a sharp drop in taxes Thursday, the renewal of privatization reforms and a more modest budget. "The government is passive and we must be active in order to return to a yearly economic growth of 5-6%. The government is accepting the drop in the Gross Domestic Product (GDP) as a fact," Netanyahu said at a press conference at the Knesset. Besides his suggestion to drop taxes, Netanyahu called for the privatization of electricity and water as well as the deregulation of the real estate opportunities. Advertisement "Israel can continue to grow even during a global recession, if the correct steps are taken. We have an opportunity to improve competition," Netanyahu said. On Tuesday, Netanyahu presented Bank of Israel Governor Fischer his reforms. He added that he agreed with Fischer's decision to cut interest rates and purchase dollars Treasury officials said Wednesday that Netanyahu's call for a modest state budget conflicts with his support of a new bill in which Israel Defense Forces soldiers would receive minimum wage. The cost of the new bill would be NIS 4.5 billion. Related articles: Treasury finally admits: Israel facing economic slowdown Fischer says he'll do everything possible to prevent recession Hard Look / We're in good shape. Can it last? Bookmark to del.icio.us   Best served cold Safed chief rabbi calls on state to exact 'revenge' against Arabs. The Jewish hurdle Obama: I disagree with aide who blamed 'NY, Miami' for failed peace talks.   1.   Benyamin Nethanyahu the man who spent 100,000 in five days 12:23  |  Chris Linthwaite 27/03/08   2.   The tax-exempted billionaires will own water and electricity 16:17  |  AliciaYasmeen 27/03/08

Today Online Rights group: Deaths in IDF W. Bank raid were apparent executions Responses: 143 Top rabbis: Harvesting organs of the brain dead is `bloodshed` Responses: 49 Defense officials: Hezbollah rockets can reach almost all of Israel Responses: 69 Ari Shavit: Olmert doesn't belong in the prime minister's office Responses: 16 Shmuel Rosner: Bush is now behaving like a responsible adult Responses: 17 Rosner's Domain New pro-Israel-pro-peace dovish lobby ready to launch (WTR) Bush is still determined not to repeat Clinton's mistakes Poll: what percentage Jews will vote McCain? Obama rejects advisor's comments on American Jews and peace process Kurtzer: The pro-Israel lobby, not obstacle for peace More Headlines 20:08 Arab FMs re-endorse 2002 Saudi peace initiative 17:40 Defense officials: Hezbollah rockets can reach almost all of Israel 20:06 Tel Aviv shuts its lights as part of global 'Earth Hour' campaign 14:20 Egypt holds new talks with Hamas, Jihad over truce with Israel 10:53 Israel posts clips on YouTube of J'lem yeshiva terror attack 17:55 Ex-High Court chief: State must bring all Ethiopian Jews to Israel 18:47 Bush invites Abbas to U.S. for talks on Palestinian state 20:13 Treasury budgets director: Israel is binational state on economic level 15:10 MKs okay state-funded center commemorating Gaza settlers 18:42 Thousands of Palestinians protest in Hebron against charity closures 16:23 Knesset panel okays regulations to combat 'dead voters' 20:06 Police informer: Golan teen murder suspect confessed to killing 10:34 Rights group: Deaths in IDF Bethlehem raid were apparent executions 16:20 421 children report having been victims of incest in 2007 Previous Editions Select Day 26 mar 25 mar 24 mar 23 mar 21 mar 20 mar 19 mar 18 mar 17 mar 16 mar 14 mar 13 mar

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