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ISRAEL AT WAR - DAY 588

defense spending

The Tel Aviv Stock Exchange, December 25, 2018. (Adam Shuldman/Flash90/File)
March 20, 2025, 9:40 pm
Israeli shares drop as renewed Hamas, Houthi attacks fuel fears of prolonged fighting
Major indices slide as investors weigh threat of return to intense fighting and the effect of a prolonged war on the country’s finances and economy
By Sharon Wrobel
Israelis shop at the Dizengoff Center shopping mall on Dizengoff Street in Tel Aviv, March 20, 2024. (Miriam Alster/FLASH90)
February 17, 2025, 6:47 pm
Israeli economy grew 1% as spending on war effort rose, exports and investment fell
Growth in 2024 exceeded central bank and Finance Ministry forecasts as government expenditure on war needs soared 13.7% and consumer spending rose 3.9%
By Sharon Wrobel
Prime Minister Benjamin Netanyahu meets with members of the Nagel Committee in Jerusalem on October 13, 2024 (Prime Minister's Office Spokesman)
November 11, 2024, 7:11 pm
Higher defense spending in coming years will take toll on citizens, Treasury warns
NIS 10 billion more spent annually on defense would cost the average household NIS 4,000 due to higher taxes and reduced public services, says Finance Ministry chief economist
By Sharon Wrobel
Finance Minister Bezalel Smotrich in Jerusalem, April 21, 2024. (Chaim Goldberg/Flash90)
August 8, 2024, 7:07 pm
Fiscal deficit widens to 8.1% as state continues to shell out billions on war effort
Deficit climbs for fourth month above 2024 government budget ceiling of 6.6%, as spending on the war with Hamas reaches almost NIS 90 billion
By Sharon Wrobel
Israelis inspect a damaged residential building after it was hit by a rocket fired from the Gaza Strip, in Ashkelon, Israel, October 9, 2023. (Erik Marmor/AP)
December 26, 2023, 6:16 pm
War with Hamas to cost Israel at least NIS 50 billion in 2024, says Treasury
Finance Ministry forecasts that defense spending will have to increase by NIS 30 billion and another NIS 20 billion will need to be spent on civilian and other expenditure
By Sharon Wrobel
L-R: Finance Minister Bezalel Smotrich, President Isaac Herzog, Bank of Israel Governor Amir Yaron, Prime Minister Benjamin Netanyahu, as a ceremony marking the start of Yaron's second term, in Jerusalem, December 18, 2023. (GPO)
December 18, 2023, 4:58 pm
Central bank head urges lawmakers to avoid non-war spending with defense costs growing
Governor Amir Yaron calls for fiscal restraint as prime minister says Israel must bolster defense spending by at least NIS 20 billion a year amid Hamas war
By Sharon Wrobel
A launch truck fires the High Mobility Artillery Rocket System (HIMARS) at its intended target during the African Lion military exercise in Grier Labouihi complex, southern Morocco, June 9, 2021. (AP Photo/Mosa'ab Elshamy)
September 29, 2022, 2:07 am
US to give $1 billion in military aid to Ukraine as Russia moves toward annexation
Announcement comes after occupied Ukrainian regions vote to join Russia in referendum deemed rigged by the West; spending to go toward contracts for weapons and equipment
By Lolita C. Baldor and Matthew Lee
A SPYDER surface-to-air missile is fired in a test in an undated photograph. (Rafael Advanced Defense Systems Ltd.)
April 12, 2022, 6:11 am
Israeli arms sales hit new record of $11.3 billion in 2021 — with 7% to Gulf
Defense Ministry officials say last year saw sharp increase in demands for Israeli defense goods
By Emanuel Fabian
Visitors walk past a display of missiles by Israel's Rafael Advanced Defense Systems Ltd. on the second day of the Aero India 2013 at Yelahanka air base in Bangalore, India, February 7, 2013. (AP Photo/Aijaz Rahi)
June 22, 2020, 12:59 pm
Israeli arms sales drop to $7.2 billion in 2019, face potential virus squeeze
Defense Ministry officials says Israel still among the top 10 weapons exporters, acknowledges ‘new reality’ for arms manufacturers due to pandemic
By Alexander Fulbright
Rand Paul speaking at a Senate Foreign Relations Committee meeting on Capitol Hill, April 23, 2018. (Alex Wong/Getty Images, via JTA)
November 29, 2018, 1:27 am
Rand Paul on his blocking military aid to Israel: We can’t be doing it forever
Kentucky Republican, who is holding up $38 billion defense package, says he’ll introduce an amendment shortly
By Ron Kampeas
Republican Senator Rand Paul of Kentucky speaks during a hearing before the Senate Foreign Relations Committee on Capitol Hill, July 25, 2018. (Alex Wong/Getty Images)
November 28, 2018, 3:37 am
Senator Rand Paul blocking US military aid to Israel
Kentucky Republican who previously called to cut assistance to Jewish state holding up $38 billion defense package
By JTA
Finance Minister Moshe Kahlon (right) and Education Minister Naftali Bennett at a press conference at the Education Ministry in Tel Aviv, March 19, 2017. (Tomer Neuberg/Flash90)
November 11, 2018, 6:58 pm
Bennett slams Kahlon for soaring deficit as coalition partners spar
Jewish Home chair says finance minister ‘pulling left,’ blames him for ‘very dangerous’ economic forecast
By Raoul Wootliff
Illustrative: Prime Minister Benjamin Netanyahu, right, and Finance Minister Moshe Kahlon at a cabinet meeting at the Prime Minister's Office in Jerusalem, on January 11, 2018. (Alex Kolomoisky/Pool)
November 6, 2018, 10:30 am
Netanyahu calls urgent treasury meeting as deficit soars to NIS 9b
Finance Ministry records sharp rise in national debt that threatens PM’s 10-year plan to increase defense spending
By ToI Staff
US President Donald Trump (C) is accompanied by US Secretary of State Mike Pompeo (L) and US National Security Adviser John Bolton (R) as he addresses a press conference on the second day of the North Atlantic Treaty Organization (NATO) summit in Brussels on July 12, 2018. (AFP PHOTO / Brendan Smialowski)
August 11, 2018, 2:23 am
Fearing Trump’s wrath, US officials pushed for speedy NATO agreement
National Security Adviser John Bolton reportedly demanded that allies hastily sign critical deals before president’s arrival at last month’s summit in Brussels
By ToI Staff
File: Soldiers from NATO countries attend an opening ceremony of military exercise 'Saber Strike 2015', at the Gaiziunu Training Range in Pabrade some 60km north of the capital Vilnius, Lithuania, June 8, 2015 (AP Photo/Mindaugas Kulbis)
July 3, 2018, 10:00 am
Trump berates NATO leaders for underspending on defense, warns of repercussions
In letter to Merkel ahead of summit, US president says it is becoming ‘increasingly difficult to justify why some countries do not share NATO’s collective security burden’
By Sue Surkes
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