Israel Government Approves Additional $700 Million Defense Budget Cut
Translated & summarized from Vesty by baba
The Israeli government will approve an emergency budget cut of 2.6 billion shekels for defense needs on October 18. This follows a similar cut of nearly 1 billion shekels on October 14 for Apache helicopters. The new cuts will be linear, affecting civilian ministries like education, national security, healthcare, and social welfare. The move comes just nine days before the October 27 elections.
The story in 6 lines · by baba
- Israel's government will cut 2.6 billion shekels from budgets for urgent defense needs.
- The emergency budget cut is scheduled for Sunday, October 18.
- This is the second such cut in days, following a nearly $250 million allocation for helicopters.
- The funds for defense acquisitions are being taken from civilian ministries.
- The Ministry of Education will lose 285 million shekels.
- The cuts occur nine days before the October 27 general elections.
The Israeli government is set to approve an emergency budget cut of 2.6 billion shekels (approximately $700 million) for urgent defense acquisitions during its weekly meeting on Sunday, October 18. This marks the second such cut in days, following a nearly 1 billion shekel allocation on October 14 for the purchase of 12 Apache helicopters. Both funding decisions were made without touching coalition funds, meaning the money was taken from other government budgets. The latest reduction will be applied linearly across ministries, with each expected to lose about 5% of its development and procurement budget. This move comes just nine days before the October 27 elections and will significantly impact civilian ministries. The Ministry of Education will lose 285 million shekels, the Ministry of National Security, including police, will lose 225 million, the healthcare system will be reduced by 150 million shekels, and the Ministry of Social Welfare will have 140 million shekels cut. The funds for the Apache helicopters were previously taken from a long-term investment budget for the Arab sector.
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