Israel's cabinet approves state budget, paving way for Knesset showdown

The state budget for 2021 will be about NIS 432.5 billion and in 2022 about NIS 452.5 billion. In 2021, the deficit is projected to be 6.8% and 3.9% in 2022.

PRIME MINISTER Naftali Bennett speaks as he chairs the first weekly cabinet meeting of his new government in Jerusalem last month.

PRIME MINISTER Naftali Bennett speaks as he chairs the first weekly cabinet meeting of his new government in Jerusalem last month.

(photo credit: EMMANUEL DUNAND/REUTERS)

AUGUST 2, 2021 16:30

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