Israel's Fischer backs 2007 budget plan

Bank of Israel governor Stanley Fischer expressed support Thursday 7 September of the budget framework presented by Finance Minister Avraham Hirchson the day before.

"It is essential, for the sake of economic stability and growth, to keep to the framework of the 2007 budget that the prime minister [Ehud Olmert] and minister of finance are expected to present for approval by the government next week," Fischer said in a statement.

However, Fischer reiterated his recommendation that the costs of t

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