Finance Minister Lapid: Israel Is in a Worse Financial State Than I Thought

Lapid said his first year in office will be devoted to dealing with Israel's debt, which according to him Israel accrued through mismanagement in the past, by making painful budget cuts.

Finance Minister Yair Lapid publicly commented on the Israelis economy for the first time since taking office saying the situation was worse than he had thought.
"My first year in the Finance Ministry will be devoted to shrinking the overdraft. I would have liked to deal with happier matters, but I believe that I am most required where it is difficult. The problem stems from the fact that in the past...