Lapid presents alterative economic plan, says government pushing country into crisis

Opposition Leader Yair Lapid presents an alternative economic plan, saying the government was pushing Israel into an economic crisis.

“The current [economic] crisis stems from reckless and incompetent management. It is driven by unprecedented levels of political bribery, harm to the judicial system, and an unprofessional and unfocused approach by the government,” Lapid says in a post on X.

“Israel needs responsible, pragmatic, and efficient economic management—one that is fact-based and prioritizes the Israeli middle class, with a focus on young families,” writes Lapid.

The 26-step “Economic Rescue Plan,” as outlined on Lapid’s Yesh Atid faction website, has two main goals – cutting coalition funding and decreasing the number of government ministries to “a maximum of 18,” and lowering middle-class taxes to “encourage economic growth.”

The program lists several key measures, including investing in the high-tech industry, creating a ministry to reduce the cost of living, supporting small businesses, improving the education and healthcare systems, integrating Haredi men and Arab women into the workforce, and encouraging immigration to Israel.

The plan also includes several national projects such as an affordable housing plan for young families and a reformed defense budget for the IDF.