Israeli Cabinet approves 2025 budget ramping up defense spending amid fighting in Gaza and Lebanon
naharnet - 11/1/2024 4:16:10 PM - GMT (+2 )
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naharnet - 11/1/2024 4:16:10 PM - GMT (+2 )
Israel’s Cabinet on Friday passed a budget for 2025 Friday, Prime Minister Benjamin Netanyahu’s office said, ramping up defense spending amid the war in Gaza and Israel’s invasion of Lebanon.
The budget, which must still be approved by Israel’s parliament before taking effect, increased allotted defense spending to at least $27.2 billion, Israeli media reported, though that could increase to $40 billion pending further cabinet discussions.
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