07/19/2012 04:42–An agreement on drafting yeshiva students into the IDF may not be the only casualty of the coalition collapse this week. It appears that the 2013 state budget is also under threat.

No official statement has been made on budget preparations since Finance Minister Yuval Steinitz declared in early June that they were weeks away from completion. Discussions involving Treasury officials have ground to a halt and the government is likely to function according to the 2012 budget next year, according to reports Wednesday.

The government produced biennial budgets in 2009-10 and 2011- 12, and has frequently credited this method with helping the Israeli economy maintain stability and avoid the slowdowns that have plagued other developed economies in recent years. It declared last month that it would produce only a single-year budget in election years…Read More>>

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