The Finance Ministry released the 290-page 2013-2014 budget on Tuesday, calling it a “a budget of hope.” The most onerous items include a 1.5 percent increase in income tax rates, a NIS 7 billion cut in government spending in the remaining months of 2013 and another NIS 18 billion next year. VAT will rise 1 percent in June and children’s allowances will be cut to NIS 140 a month per child.