Israel’s Finance Chief Seeks to Raise 2015 Budget Deficit to 2.9%

But sources say Finance Minister Yair Lapid seeks cuts in military spending if the current turmoil recedes.

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Finance Minister Yair Lapid has recommended an increase in the 2015 budget deficit to 2.9% from 2.5% of gross domestic product, a move that would let the government spend 32 billion shekels ($9.3 billion) more...