Israel passes 2026 budget with massive increase in military spending

JERUSALEM — Israel’s parliament early on Monday approved the 2026 budget, which provided a significant increase in military spending as the country remains engaged in wars on multiple fronts. Lawmakers passed the budget: 62 votes in favour, 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 Israel’s 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 light of […]... Keep on reading: Israel passes 2026 budget with massive increase in military spending

Go to News Site