Israel’s Finance Chief Seeks to Raise 2015 Budget Deficit to 2.9%

But sources say Finance Minister Yair Lapid seeks cuts in military spending if the current turmoil recedes.

Finance Minister Yair Lapid has recommended an increase in the 2015 budget deficit to 2.9% from 2.5% of gross domestic product, a move that would let the government spend 32 billion shekels ($9.3 billion) more than it takes in next year.