Live Update 
From the Liveblog of
Thursday, October 27, 2022
From the Liveblog of
Thursday, October 27, 2022
Cabinet approves budget cuts of NIS 4.5 billion to pay for teacher wage deal
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From left to right: Teachers' Union Secretary-General Yaffa Ben David, Education Minister Yifat Shasha-Bitton and Finance Minister Avigdor Lieberman hold a press conference following the new salary agreement with teachers on August 31, 2022. (Tomer Neuberg/Flash90)
The cabinet approves an across-the-board cut of NIS 4.5 billion ($1.27 billion) from its 2023 budget on Thursday in order to fund a wage deal with the teachers.
The new salary deal — signed in October — will be funded for the rest of this year by reserve funds from the Education Ministry. In 2023, 6.6% of the budget for each ministry will go toward funding the agreement.
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