Fischer: Israel's economy will not be able to recover before the global economy picks up.
The treasury has announced the creation of a NIS 1.3 billion loan fund for medium-sized businesses.
If spending passes that point, the reserve will run out.
When Operation Cast Lead is over and the defense leaders come to the Finance Ministry, beret in hand, asking for more money, they won't get any.
No decision has yet been made on indirect compensation for losses.
Israel's gross domestic product amounted to nearly NIS 716 billion in 2008, compared with NIS 674 billion the year before.
Such a step would mean printing money, and would likely result in higher inflation in the medium-term.
Treasury and defense ministry officials hold talks about funding Operation Cast Lead.
Effects of prolonged operation could include a weakened shekel and a rise in oil prices.