Israel's 2014 budget can absorb cost of Gaza conflict -finance minister


  • World
  • Thursday, 07 Aug 2014

TEL AVIV (Reuters) - Israel's 2014 budget will be able to absorb the costs incurred during the month-long Gaza conflict and there will be no need to increases taxes, Finance Minister Yair Lapid said on Thursday.

It will take a week or two for the government to determine the total impact of the conflict on the economy, Lapid said, both in terms of military spending and damage to business.

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