July 23, 2013 by apicomely
Finance c’tee readies NIS 400b. budget for Knesset approval
After all, they are good at using mathematics to solve real-world problems and the money is good. There is more to it than that though. There are mathematical links between physics and finance that go back at least to 1900, when Frenchman Louis Bachelier wrote his Theory of Speculation, in which he used the mathematics of a random walk to analyse fluctuations on the Paris stock exchange. Five years later, the same ideas were used by a young Albert Einstein to explain why pollen grains zigzag when they are suspended in water.
budget for Knesset approval Committee also approves cuts of half a million shekels a year from planned budget increases for Education, Transportation ministries. Bayit Yehudi MK Nisan Slomiansky Photo: Wikimedia Commons The Knesset Finance Committee on Monday approved the 2013-2014 budget, laying out NIS 395 billion and NIS 405.2b. of respective spending for each year and preparing the bill for its second and third readings in the Knesset. Committee chairman Nissan Slomiansky (Bayit Yehudi) commended the members for passing the budget despite deep ideological divides. Related: Knesset c’tee approves defense budget with a warning The budget, together with the Economic Arrangements Bill that was fixed in the finance committee, is good news for Israeli society, while ensuring compliance with fiscal targets, he said.