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Yair Lapid: Israel's 2014 budget will absorb cost of Gaza conflict
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 raise taxes, Finance Minister Yair Lapid said on Thursday.

 

Lapid said it would take a week or two before the government could determine the total impact of the conflict on the economy – both in terms of military spending and damage to the business sector – but that there was room to cover the cost in this year's budget.