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Israeli Government Approves 2.6 Billion Shekel Boost for Urgent Classified Defense Procurement

By מערכת C14
Translated & summarized from Now 14 by baba
Israeli Government Approves 2.6 Billion Shekel Boost for Urgent Classified Defense Procurement
Editorial illustration generated by baba News — not a photograph of the event.
The story · English

The Israeli government is set to approve an additional 2.6 billion shekels in funding for urgent classified defense procurement, responding to increased combat intensity and operational needs. This budget increase, designated for the Ministry of Defense, was already approved by the Ministerial Committee for Procurement and will be presented for full government approval. Security officials confirmed the funds are intended for armament acquisitions, but details remain classified for security reasons.

The immediate financing will come from adjustments to the 2026 state budget, including a 1.5 billion shekel reduction in interest and commission payments and a 1.1 billion shekel cut from other government ministries' operational budgets. However, if the 2026 budget is finalized by the Knesset, the cuts to ministries can be reversed, with funding then sourced from a dedicated budget line established in prior government decisions.

Read the original at Now 14
Full coverage · 9 outlets
75% centerFirst: Channel 13 · Aug 9

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