Full coverage· Economy· Updated
Israeli Political Stalemate Threatens Billions in Defense and Tech Funding
Israel's political uncertainty following elections is jeopardizing billions in funding for defense, technology, and state programs.
2 newsrooms · 2 languages · since
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What happened
- 01Political uncertainty in Israel threatens billions in defense funding and strategic projects.
- 02A transition to temporary, one-twelfth monthly financing could limit government spending and new initiatives.
- 03High-tech development programs face delays due to the need for long-term funding commitments.
- 04Defense agencies seek an additional 40 billion shekels, with a 25 billion shekel gap remaining.
- 05Tax reforms, including digital VAT and international corporate tax, risk postponement without government approval.
- 06Long-term arms purchase commitments could further strain public finances, impacting civilian needs.
The lack of an approved budget risks a transition to temporary financing, hindering new initiatives and potentially delaying crucial reforms like digital VAT and international corporate tax measures. Defense needs an additional 40 billion shekels, with only 15 billion secured, while tech investments and long-term arms deals also face funding challenges. The situation could significantly impact Israel's ability to finance strategic tasks.
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