Israeli gov’t cuts back public transport payments, services to be reduced

Public transportation companies that service passengers throughout the country were informed by the Ministry of Finance that one-fifth of the payments (20%) they were meant to receive monthly will be slashed, and further cuts are to be expected due to the deficit, the companies informed the public in a press release on Thursday. 
This decision, which violates existing agreements with said companies, might lead to an immediate reduction of public transportation services as the companies are now going to experience a severe budget problem, they warned. 
Calling the decision “unlawful”, the companies said they will reduce their services immediately to reflect the payments actually received.