Live Update
From the Liveblog of
Tuesday, July 21, 2015
Official pans proposal to cap defense budget
A senior Defense Ministry official shoots down a suggestion proposed by the so-called Locker Commission to cap the state defense budget at NIS 59 billion ($15.5 billion) per annum for the next five years.
According to the unnamed official, the security establishment may not be able to meet the “strict” five-year budget while still successfully coping with the numerous tasks imposed on it.
The defense budget has traditionally grown by several billion shekels every year, with infusions beyond the official budget.
The official likened the proposal to an “all-inclusive Turkish hotel” deal, in which the defense establishment may have to cheapen its operations and cut corners to lower costs, Ynet reports.
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