Lapid Retreats From Bid to Raise Deficit Budget Target in Wake of Fischer’s Criticism

Following a meeting Sunday with Bank of Israel Governor Stanley Fischer, who had opposed the move, Lapid announced that the target would remain at 3% this year, and would also be 3% next year.

Finance Minister Yair Lapid has retreated from his suggestion that the country’s budget deficit be allowed to reach 4.2% of gross domestic product this year...