Government Asks Knesset to Extend Budget Deadline to June 30

The plan is to present the legislation to lawmakers on March 18, four or five days after Prime Minister Benjamin Netanyahu has formed his new government.

The government asked the Knesset Monday to give it extra time to win approval for the next state budget.

Lawmakers will officially be asked later this month to approve legislation extending the deadline to June 30, 100 days after the new government is expected to be formed, rather than the 45 days mandated by law.

The plan is to present the legislation to lawmakers on March 18, four or five days after Prime Minister Benjamin Netanyahu has formed his new government.

With that in mind, Netanyahu asked the Knesset presidium, which consists of Benjamin Ben-Eliezer and two deputies Ofir Akunis and Yitzhak Vaknin to extend the Knesset’s winter session to March 19.

“The most important thing now is to create a responsible budget that can cope with the with the global [economic] turbulence,” Akunis said. “The new government will be required to make courageous decisions in order to preserve the stability of the Israeli economy.”

If Netanyahu is granted the extension, the government will continue to operate according to the 2012 budget, with adjustments for inflation, as has been the case since January 1, for the entire first half of the year.

Olivier Fitoussi