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Israel's defense budget

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 Bezalel Smotrich holds a press conference at the Knesset, Jerusalem, March 13, 2024. (Yonatan Sindel/Flash90)
May 31, 2024, 11:51 am
Why Smotrich doesn’t trust Israel’s defense brass to spend for tomorrow’s wars
The finance minister has spent months fighting with Gallant and Halevi due to his belief that they cannot plan for the military’s future after failing to prevent Hamas’s onslaught
By Sam Sokol
Bank of Israel chief Amir Yaron, left, gives Prime Minister Benjamin Netanyahu the central bank's year-end report in Jerusalem, March 28, 2024. (Amos Ben-Gershom/GPO)
March 31, 2024, 5:28 pm
Bank of Israel head urges government to set ‘appropriate’ fiscal priorities in budget
Central bank chief tells lawmakers the need for higher defense spending during war requires fiscal adjustments to prevent debt from rising further and to help economy recover
By Sharon Wrobel
FILE - MKs in the Knesset Finance Committee vote on the supplementary budget to cover the costs of the war with Hamas in Gaza, December 12, 2023. (Noam Moskowitz/Knesset Spokesperson's Department)
December 25, 2023, 8:54 am
Treasury recommends shutting 10 surplus ministries to cover budget deficits – report
As costs of war with Hamas soar, Finance Ministry also suggests cutting coalition funds by NIS 5 billion and raising taxes
By Jeremy Sharon and ToI Staff
An Israeli Yasur heavy transport helicopter flies over Hatzerim air base in southern Israel on June 24, 2015. (Oren Rozen/Wikimedia/CC BY-SA 3.0)
November 16, 2020, 7:03 pm
Top defense official: Israel must replace aging aircraft before it’s too late
In wide-ranging briefing, Defense Ministry director discusses budgetary woes, arms sales and the push to shore up Israel’s military edge in light of F-35 purchase by UAE
By Judah Ari Gross
Soldiers in the IDF's Desert Reconnaissance Battalion (Israel Defense Forces)
November 21, 2018, 11:43 am
Finance officials look to dramatically cut men’s military draft to two years
Shortened 32-month service in effect since 2015 seen as a success; Treasury planners say cutting 8 more months could mean NIS 12 billion annual boon to the economy
By ToI Staff
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
A test of the David's Sling missile defense system. (Defense Ministry)
July 24, 2018, 12:17 pm
Government said set to launch NIS 30 billion missile defense plan
Reports say 10-year program aims to provide shield for entire country against possible massive, multi-front rocket attack
By Stuart Winer
Golani soldiers in a Namer APC during an exercise in the Golan Heights, August 2012 (Photo credit: CC-BY-SA, Abir Sultan/IDF)
May 22, 2018, 9:38 am
Israel-US aid accord could deal massive blow to local defense industry, MKs told
According to current terms, all of the money must be spent in US, meaning local manufacturers could lose over $2 billion a year, up to 22,000 could lose jobs, Defense Ministry says
By Sue Surkes
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)
January 12, 2018, 9:52 am
Ministers pass NIS 400b state budget in bid for political stability through 2019
After a marathon overnight session, government unanimously agrees on next year’s budget; defense spending jumps to NIS 63 billion, marking 37% increase over five years
By ToI Staff
US President Barack Obama (right) and Israeli Prime Minister Benjamin Netanyahu hold a meeting in the Oval Office of the White House in Washington, DC, November 9, 2015. (AFP/Saul Loeb)
September 18, 2016, 6:07 am
US official: It’s possible Iran deal animus affected military aid agreement
10-year aid package leads to domestic Israeli political infighting as opposition charges Netanyahu could have gotten more
By ToI Staff
Israel's Acting National Security Adviser Yaakov Nagel in Washington to sign the aid deal with the US on September 14, 2016 (screen capture: State Department livestream)
September 18, 2016, 2:43 am
Top official slams politicians’ criticism of US aid deal
Acting National Security Adviser Yaakov Nagel, who led Israel’s negotiating team, lashes Netanyahu critics as ‘detached from reality’
By ToI Staff
Prime Minister Benjamin Netanyahu surrounded by Knesset members after a vote on the 2015-2016 state budget, November 18, 2015. (Hadas Parush/Flash90)
November 19, 2015, 4:58 am
Knesset passes 2015-2016 budget by 61-59 majority
Lawmakers vote on hundreds of amendments submitted by opposition; fiscal plan stands at $85b for 2015, rising to $89b in 2016
By Raoul Wootliff and Marissa Newman
Prime Minister Benjamin Netanyahu and Finance Minister Moshe Kahlon during vote on the state budget for 2015-2016, November 18, 2015. (Photo by Yonatan Sindel/Flash90)
November 18, 2015, 11:08 pm
Knesset expected to pass budget after all-night slog through objections
Opposition trying to filibuster bill beyond Thursday’s deadline with 700 ammendments that must be voted on one by one; if not passed, government will be forced to resign
By Raoul Wootliff and Marissa Newman
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