The IDF announced it would cancel its annual Independence Day naval flotilla and other public events due to recent budget cuts, Maariv reported Monday morning.

According to the report, the army informed several cities that due to lack of financial resources it would not be holding the traditional interactive exhibits in which the public could see and touch military equipment and munitions.

The navy’s annual flotilla, which in previous years had sailed near the coast and drawn thousands to the beaches to observe its passage, will also be canceled.

Another event set to suffer from budget cuts is the annual reception hosted by the defense minister. The event was traditionally held at the “Kirya” military base in Tel Aviv and attracted a large crowd, but this year it will be downsized and moved to a smaller location.

Maariv said Treasury officials were infuriated by the army’s announcement and said the Defense Ministry should not have cut events for the public’s entertainment.