Finance Ministry's budget department warns against $1.3 billion cut to funds of multiple ministries; pair of ministers walk out of meeting, one votes against proposal

Cabinet is set to review and vote on the Finance Ministry's proposal for the new state budget, but many points of disasgreement remain between ministers

Israel's politicians seem willing to drag the country to yet another vote, ignoring economic pain of working class families

Netanyahu tells cabinet Finance Ministry's plan to counter burgeoning deficit is a priority; ministers Erdan and Katz vote against measure

Finance minister to also raise some taxes, despite looming national elections; cuts come on top of billion shekel reduction to defense, education budgets