Israel approves 2026 budget with increased defense spending

JERUSALEM — Israel’s parliament approved the 2026 budget early Monday, providing for a significant increase in military spending as the country remains engaged in wars on multiple fronts. Lawmakers passed the budget with 62 votes in favour and 55 against. The vote averted an automatic government collapse and snap election that would have followed failure to pass the budget by March’s end, under Israeli law. READ: Conflicts spur ‘unprecedented’ rise in military spending worldwide The proposed total expenditure budget for 2026 amounts to approximately 850 billion Israeli shekels (NIS) or $270 billion. “As part of the updated budget, and in […]... Keep on reading: Israel approves 2026 budget with increased defense spending

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