JERSUALEM — The Knesset today passed its 2026 budget, including roughly $44.8 billion for defense, an increase of roughly $9.48 billion over the previous year’s military budget.
The vote, held in the early hours, approved an overall record $268 billion in government funding for 2026 and passed by a vote of 62-55. And with a supplemental related to the war with Iran expected, defense spending may increase again before the year is through.
Israel’s defense budget has undergone major increases in recent years, reflecting the country’s shift from low-level conflicts to a multi-front war that began on Oct. 7, 2023. In 2015-2016, the overall budget stood at $103 billion and the defense budget was $17.65 billion — roughly a 153 percent increase in just ten…more
Source breakingdefense.com
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