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Israel Approves NIS 1 Billion for Defense, Cuts Arab Society Funding
The Israeli government approved an additional NIS 1.03 billion for classified defense procurement, to be funded by cuts to the Arab society development plan between 2027 and 2029. Finance Minister Bezalel Smotrich proposed the plan, which avoids broader ministry budget reductions.
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What happened
- 01Israel's government approved NIS 1.03 billion for urgent defense procurement.
- 02The funding will be taken from the Arab society development plan over three years.
- 03Finance Minister Bezalel Smotrich proposed the budget reallocation.
- 04The cuts to the Arab society plan will total over NIS 965 million from 2027-2029.
- 05The procurement may be related to a deal for Apache attack helicopters.
- 06NIS 68 million will be diverted this year from surplus funds.
The funds are reportedly linked to a potential deal for Apache attack helicopters, with NIS 68 million already diverted this year from surplus funds.
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