Defense Establishment Outspends Budget, Rivals Bank of Israel
Translated & summarized from Haaretz by baba
Israel's defense establishment is estimated to have overspent its 2026 budget by 10 billion shekels, allegedly engaging in illegal "money printing." This comes as the government approved a 2.6 billion shekel cut to other ministries for an urgent security need. The defense establishment's influence is noted as being so strong that it can secure additional funds, even from the Prime Minister.
The story in 5 lines · by baba
- Israel's defense establishment reportedly overspent its 2026 budget by 10 billion shekels.
- The defense establishment is accused of illegal "money printing" unlike the Bank of Israel.
- The government approved a 2.6 billion shekel budget cut for an urgent security need.
- The defense establishment secured additional funds at the expense of social budgets.
- Prime Minister Benjamin Netanyahu is reportedly unable to counter the defense establishment's influence.
Estimates suggest Israel's defense establishment has spent approximately 10 billion shekels more than its allocated budget for 2026. This expenditure is described as "money printing," but unlike the Bank of Israel, the defense establishment is allegedly doing so illegally. The government's recent decision to implement a 2.6 billion shekel budget cut across all ministries to fund an "urgent security need" has been met with criticism. The defense establishment has once again secured additional funds at the expense of social budgets, a move that reportedly succeeded just before elections, highlighting its significant influence, which even Prime Minister Benjamin Netanyahu appears unable to counter.
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