JERUSALEM (JTA) — Israeli lawmakers passed the 2013-2014 state budget after 15 hours of debate.

The two-year budget, $110 billion for 2013 and $113 billion for 2014, passed at about 3 a.m. on Tuesday morning by a vote of 58 to 43 after the end to an opposition filibuster in which every one of the 4,700 objections to the budget was to be submitted to a roll call. Lawmakers could be seen reading books, texting and napping during the roll calls.

Halfway through the roll calls the opposition agreed to withdraw its objections in exchange for the formation of a committee to review a provision of the Electoral Reform Bill which would raise the electoral threshold from 2 percent to 4 percent, and prevent many smaller parties from reaching the Knesset.

The Knesset also on Tuesday morning passed the Economics Arrangement Law on its second and third readings by a vote of 56-41. The law includes mechanisms to allow the regulation of new government policies such as raising the income tax rate and reducing monthly child allowance payments. It also institutes budget cuts to the Defense, Welfare, Education and Transportation ministries.

This is the last biennial budget that will be passed by the Knesset. Beginning in 2015, Israeli budgets will be annual.

The opposition slammed Finance Minister Yair Lapid, who came into office on a wave of discontent over the economic situation in Israel.

“Lapid protested and rode the wave of the protest to his elite office, and today he became the presenter of this bad budget,” opposition leader Shelly Yachimovich said Tuesday of Lapid, who was prior to his election to Knesset what is called in Israel a news presenter.