Lapid: Moody's downgrade shows government not functioning

Opposition leader Yair Lapid says the decision by US ratings agency Moody’s to downgrade Israel’s credit rating shows the government does not function.

“The lowering of Israel’s credit rating is further proof that this government is not functioning and harming the public,” Lapid writes on X.

“For over a year now, this government has abandoned growth in the economy, bringing in a wasteful and irresponsible budget, and even during a war, there is no one among the 38 ministers who work for the Israeli economy,” Lapid says.

“The ‘with God’s help’ and ‘there is money for everything’ economy has failed,” he says. “Israel needs a new government that functions.”