Post by elizabeth on Jun 3, 2014 1:00:01 GMT
State prepares for shmita year
Cabinet approves NIS 100 million to fund special requests during the seventh year of an agricultural cycle long observed by Jews.
Even as the budget crisis engulfs every ministry in the government, the cabinet approved Sunday another costly measure – NIS 100 million to fund special requests during a shmita year.
A shmita year – the seventh year in a seven-year cycle during which land in Israel must lie fallow – will add another financial burden on the state budget, which has already been loaded with other unexpected expenses, like tax-free purchases of new apartments and transfer payments to Holocaust survivors.
The Israeli taxpayer will not only be forced to fund shmita activities after Rosh Hashana, he will also endure price hikes on agricultural products, as has been the case in previous shmita years.
To continue reading Ynet article click here
Cabinet approves NIS 100 million to fund special requests during the seventh year of an agricultural cycle long observed by Jews.
Even as the budget crisis engulfs every ministry in the government, the cabinet approved Sunday another costly measure – NIS 100 million to fund special requests during a shmita year.
A shmita year – the seventh year in a seven-year cycle during which land in Israel must lie fallow – will add another financial burden on the state budget, which has already been loaded with other unexpected expenses, like tax-free purchases of new apartments and transfer payments to Holocaust survivors.
The Israeli taxpayer will not only be forced to fund shmita activities after Rosh Hashana, he will also endure price hikes on agricultural products, as has been the case in previous shmita years.
To continue reading Ynet article click here
