Lapid Plans to Exceed Budget Cap by NIS 6.5 Billion, Forgo Major Planned Cuts

Plan puts new finance minister on collision course with Bank of Israel governor Stanley Fischer who urged Lapid to practice budget discipline.

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Finance Minister Yair Lapid is drafting a budget that is NIS 6.5 billion larger than the maximum limit set by law, according to reports late last night. This means that the budget deficit will be a full 4.9...