Deficit

Trying to find the positive in everything - even coronavirus

Steinitz: Lapid is Like Mandela's Sign Language Interpreter

Minister Yuval Steinitz slams Finance Minister Lapid, said he misled the public about the deficit.

Israel 'Saves' NIS 4 Billion on Deficit, Bank of Israel 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.’

Proposed 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's 'Double Deficit'

According to figures assembled by the Accountant General's Office, Israel's budget deficit was double than what had been expected