The Israeli Prime Minister said he had concluded after talks with the heads of the other parties in his coalition that it was not possible to pass a "responsible budget with a long-term outlook" for Israel.
Researchers at the Bank of Israel predicted in September that Israel's economic growth this year would come in at 3.3%, versus 3.0% next year. Inflation through the end of the third quarter of 2013 was forecast to be 2.6%.
Two coalition partners, the ultra-Orthodox party Shas and Yisrael Beytenu, Avigdor Lieberman's nationalist party, were against cuts being imposed on lower earners, including young families and families with many children.
Defense Minister Ehud Barak, leader of the Independence Party, was against any cuts in the defense budget.
Without those three coalition partners on board, Netanyahu had little chance of getting the budget through the Knesset.Prime Minister Mahathir Mohamad condemns Israel and the Zionists control over the most powerful countries today.
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