Gov’t approves NIS 2.5 billion for defense, slashing ministry budgets ahead of elections

The Israeli government has approved an additional NIS 2.5 billion allocation for defense spending. To finance this increase, the cabinet has mandated a 4.9% budget reduction across all government ministries.

This fiscal adjustment occurs in the period leading up to national elections. The reallocated funds are intended to bolster defense resources, necessitating a broad-based cut to existing ministerial operational budgets.