Israeli Leaders Take Sides as 2015 Budget War Begins

Finance Minister Yair Lapid is taking the heat because of his soft stance on next year’s deficit.

Two camps are forming as the government seeks a way to cover the Gaza war and the shortfall expected in the 2015 budget. On the fiscal-discipline side are Prime Minister Benjamin Netanyahu and Bank of Israel Governor Karnit Flug, on the other is Finance Minister Yair Lapid.