Israel will raise defense spending by NIS 42 billion ($12.5 billion) in 2025 and 2026, the finance and defense ministries said on Thursday, citing the ongoing wars and security challenges.
The budget agreement will allow the Defense Ministry to “advance urgent and essential procurement deals critical to national security,” the ministries said in a statement.
Finance Minister Bezalel Smotrich said the new defense budget “fully covers the intense fighting in Gaza, alongside comprehensive security preparations for all threats — from the south, the north, and more distant arenas.”
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