02:45
Reported

News Brief

  5/3/2013, Iyar 23, 5773

Lapid Seeks Unprecedented Deficit


Finance Minister Yair Lapid has not involved Prime Minister Binyamin Netanyahu in his deliberations regarding the national budget, sources close to Netanyahu said Thursday.

They said Netanyahu was not aware of Lapid’s plan to increase the deficit target from 3% to 4.9%. The increase would mean allowing Israel’s deficit to grow to an unprecedented 50 billion shekels.