Israel govt approves austerity package: PM office

Israel govt approves austerity package: PM office
# 31 July 2012 00:40 (UTC +04:00)
Baku-APA. Israel’s government on Monday approved a package of sweeping austerity budget measures it said were essential to cut the deficit and buffer Israel from crises which have rocked many other economies, APA reports quoting AFP.

"The cabinet a short time ago approved the measures for reducing the deficit and dealing with the effects of the global economic crisis on the Israeli economy," a statement from Prime Minister Benjamin Netanyahu’s office said after more than seven hours of debate.
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THE OPERATION IS BEING PERFORMED