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Israel Approves Multi-Billion Shekel Defense Budget Deal Amid Ongoing Conflict

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First reported by Ynet · 4 hours ago

What happened

Israel's Prime Minister Netanyahu approved a framework resolving the budget dispute between the Defense and Finance Ministries, enabling immediate multi-billion shekel transfers to the Defense Ministry amid ongoing conflicts. The agreement includes a 2026 defense budget of 143 billion shekels, additional funds this year, and a decade-long multi-year strengthening plan for the IDF.

01Israel's Defense Ministry receives immediate 12 billion shekels plus 3 billion by year-end.
02An additional 25 billion shekels will be transferred in October and November based on IDF needs.
03The 2026 defense budget is set at approximately 143 billion shekels.
04A joint Finance-Defense monitoring mechanism will oversee defense spending.
05The budget dispute stemmed from unforeseen conflicts with Iran, Lebanon, and increased reserve mobilization.
06A 10 billion shekel annual increase is planned for the IDF's 10-year strengthening program.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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