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Home >> World
UPDATED: 09:08, June 08, 2006
Israeli parliament approves overdue state budget
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The Israeli Knesset (parliament) on Wednesday approved the nation's budget for 2006, which is overdue for six months.

The 120-member parliament approved the budget with 53 votes in favor, 22 against and 45 abstentions.

The budget was sent to the Knesset for ratification after it was approved by the Israeli government on May 30.

The budget approval has been delayed for six months because the previous Knesset (parliament) was dispersed in last November before it managed to pass the budget presented by former government led by Ariel Sharon, who also quit after suffering massive stroke five months ago.

As there was no official budget, the government offices have been operating with the monthly funds given on basis of the budget for 2005 in the past half year, according to local newspaper Yedioth Ahronoth.

However, the newly approved budget will only be effective for less than half a year before the Knesset begins work on the next budget, said another newspaper the Jerusalem Post.

According to Israeli law, a newly-installed government has 45 days to make the government budget be approved or it will be dismantled and the country will have to face early elections.

Source: Xinhua

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