Israel Sees Defense Spending Rising $8 Billion as War Rages
An Israeli soldier directs a tank near the border with the Gaza Strip in southern Israel on Dec. 25.
Photographer: Menahem Kahana/AFP/Getty ImagesThis article is for subscribers only.
Israel will need to increase defense spending by at least 30 billion shekels ($8.3 billion) next year, according to the Finance Ministry, as the war against Hamas rages on.
The ministry, in a document presented to parliament on Monday, said the overall 2024 budget will probably have to total 562 billion shekels, compared to 513 billion when the spending plan was first approved last May.