As tensions between Israel and Palestine continue to escalate, the Israeli Finance Ministry has revealed that it is considering levying a 'war tax' in order to reduce the ballooning budget deficit.
As a result of expanding military operations and falling tax revenues, the government has already been obliged to cut more than 6 billion shekels from the original 254.8 billion shekel budget, a move which angered many, and led to the late passage of the 2002 budget. However anaysts have warned that the authorities will need to make many more substantial cuts in order to stop the deficit from spiralling out of control.
Recent reports in the Israeli media have revealed that the measure is just one of a number of proposals under discussion. Speaking to the Ha'aretz Daily on Monday, a Finance Ministry spokesman said that nothing has been finalised as yet.
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