Yes, Yair Lapid must slash Israel's spending budget
Finance Minister Yair Lapid needs to make it clear to the public that if he gives in to populists and gives up on the cuts, the deficit will be too high and the economy could deteriorate to the point of a real financial crisis.
Finance Minister Yair Lapid faces the significant challenge of having to cut NIS 20 billion from the state budget for 2013-2014 and raise taxes by some NIS 10 billion. These sums are enormous, and naturally generate dispute. But one should remember the reason for the cuts: the unrestrained spending by the previous government that...
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