Israeli Government Approves Urgent 1 Billion Shekel Defense Procurement Funding
Israel's government will approve a 1 billion shekel transfer for urgent defense purchases, reallocating funds from the economy ministry's 2026 tech investment budget. It will also appoint Lior Hayat as ambassador to Italy, Malta, San Marino, and UN food and agriculture bodies.
הידיעה ב-6 שורות · תקציר של baba
- Israeli government approves 1 billion shekel transfer for urgent defense procurement.
- 850 million shekels reallocated from 2026 tech investment budget of Economy Ministry.
- 150 million shekels come from previously reserved but unallocated government funds.
- Funds were delayed due to pending legal and professional approvals.
- Lior Hayat appointed ambassador to Italy, also non-resident ambassador to Malta and San Marino.
- Hayat will represent Israel at UN food and agriculture organizations.
The Israeli government is set to approve the transfer of 1 billion shekels for urgent defense procurement. Most of the funds, 850 million shekels, will be reallocated from the Ministry of Economy and Industry's 2026 budget originally designated for technological sector investments. An additional 150 million shekels will come from previously reserved government budgets that have not yet been allocated due to pending legal and professional approval processes.
Alongside the funding approval, the government is expected to confirm the appointment of Lior Hayat as Israel's ambassador to Italy. In this role, Hayat will also serve as a non-resident ambassador to Malta and San Marino, and act as Israel's permanent representative to the United Nations food and agriculture agencies.
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