Closing the Hole in the Budget Netanyahu's Plan: NIS 27 Billion in Cuts, Ban on Strikes in Essential Services

Draft of biannual budget, which will be presented to the new government once it is formed, seeks to abolish Israel's Labor Courts and raise VAT on fruits and vegetables, but will not raise taxes or institute new taxes.

Senior officials have drawn up a plan that would cut the next biannual budget by NIS 27 billion, with NIS 9 billion trimmed in 2013 and a further NIS 18 billion going by the wayside the following year.