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Finance Minister Silvan Shalom today said the government has a Knesset majority for approval of the budget and the economic arrangements law. He believes the two will be passed at the beginning of next week.

Shalom said the time going by without an approved budget is wasted time, which creates major market uncertainty. He thinks the government will continue to do whatever necessary not to impose new taxes, but still remain within its cutbacks.

"The new financial plan is so expansive, no wonder its is so vastly opposed," said Shalom.

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