News and updates about Deficit
Steinitz: Lapid is Like Mandela's Interpreter
Minister Yuval Steinitz slams Finance Minister Lapid, said he misled the public about the deficit.
Israel 'Saves' NIS 4 Billion on Deficit, BOI Says
Thanks to good fiscal management, Israel's deficit will be less than had been expected, the Bank of Israel said
Lapid: In Six Months It Will be Better
Finance Minister Yair Lapid assures angry Israelis that he is following through on his promises and that the budget cuts are the right move.
Protesters Outside Lapid's Home Tell Him to Resign
About 100 people demonstrated outside the home of Finance Minister Lapid against the planned budget cuts, calling on him to resign.
Lapid: I Won't Give Away Money I Don't Have
Finance Minister Yair Lapid attempts to justify the budget cuts. "The rich are getting hit too."
Lapid Agrees to Raise Deficit to 4.65%
Finance Minister Yair Lapid agrees to increase the deficit target to 4.65% for 2013, after originally planning to increase it to 4.9%.
S&P Downgrades Israel's Local Currency Rating
S&P lowers Israel’s long- and short-term local currency sovereign credit ratings to 'A+/A-1'. Lapid unfazed.
Lapid Seeks Unprecedented Deficit
Lapid wants to increase deficit goal to 50 billion. Sources close to PM say he’s working alone.
Lapid Promises to Fight for the Working Man
Finance Minister Yair Lapid says that he intends to fight for the working man who "just pays the bills".
Stanley Fischer Backs Lapid on Deficit Goal
Bank of Israel head comes to agreement with Lapid, backs 3% deficit target.
Yishai: Lapid is Right – We Took the Money
Shas head’s sarcastic comeback to Lapid, ‘I confess – we took the money.’
Budget: Raise the VAT, Cut Civil Servants' Pay
The Treasury plans to raise the VAT and cut the wages of civil servants in order to reduce Israel’s deficit.
Lapid: It's Worse than I Thought
Israel’s new Finance Minister admits he will have to implement tough economic cuts in order to repair Israel’s economy.
White House: Republican Budget 'Doesn't Add Up'
The White House warned that a new Republican budget plan would hike taxes on the middle class or fail to cut the deficit
Livni, Lapid Slam PM Over Budget 'Double Deficit'
According to figures assembled by the Accountant General's Office, Israel's budget deficit was double than what had been expected