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Reuters
Reuters
Business
By Steven Scheer and Maayan Lubell

Israel's Netanyahu faces budget test amid economic, political woes

FILE PHOTO: Israeli Prime Minister Benjamin Netanyahu chairs a cabinet meeting at his office in Jerusalem, May 14, 2023. Gil Cohen-Magen/Pool via REUTERS

Prime Minister Benjamin Netanyahu faces a test this month when his coalition of nationalist and religious parties seeks approval for a spending package which the government's own budget unit says will stifle growth.

Lawmakers must approve the bi-annual 2023-24 budget package by the end of May to avoid triggering an election. With 64 of parliament's 120 seats, Netanyahu's coalition appears on course to vote it through.

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