Manufacturers Association president Brosh blasts proposed budget cuts

Brosh: No one should be allowed to harm the growth deal that has been decided. Not one more shekel should be cut from the budgets
 
Manufacturers Association president Shraga Brosh issued a press release last week in response to reports in the Israeli media that the Government is planning an across-the-board cut of around NIS 2 billion to partly finance items such as swine flu inoculations and defense spending.
 
In the press release Brosh noted that: "No one should be allowed to harm the growth deal that has been decided. Not one more shekel should be cut from the budgets for R&D, encouraging investment in the periphery, small businesses, tourism, construction, and exports”.
 
Brosh added that "The finance minister's proposal to make an across-the-board cut contravenes the economic package deal agreed upon only three months ago, before the budget was approved.
 
“The new proposals had not been brought to the attention of the RoundTable partners. This is a reversion to an economic policy management of confrontation, struggle, and compulsion”.