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Israel Approves 2026 Budget with Major Defence Spending Amid West Asia Conflict
The 2026 budget boosts defence spending to over NIS 142 billion with a 5% GDP deficit target to support ongoing military operations and prevent snap elections.
- On Monday, Israel's Knesset approved the 2026 budget with 62 votes in favor and 55 against, allowing Israeli Prime Minister Benjamin Netanyahu's government to avoid snap elections as military operations continue.
- Israel added over 30 billion NIS to the defence budget for Operation Roaring Lion, bringing the total to over 142 billion NIS amid escalating conflict across multiple fronts.
- The 699 billion NIS budget raised the deficit target to 5 per cent of gross domestic product, while fighting Hezbollah in Lebanon costs the economy about $1.6 billion weekly.
- Passing the budget prevents snap elections within 90 days; polls indicate Netanyahu would likely face defeat if forced to campaign now.
- Critics warn the spending surge has heightened inflation concerns, potentially limiting future interest rate cuts, though parliamentary elections remain scheduled for October.
11 Articles
11 Articles
In all, almost 17% of Israel's 2026 budget will be dedicated to the Ministry of Defence.
Israel approves 2026 budget with increased defence 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.The proposed total expenditure budget f…
Israel approves 2026 budget with major defence spending amid West Asia conflict
Israel has approved a defence-heavy 2026 budget, boosting military spending as West Asia conflict intensifies. The move secures Israeli PM Benjamin Netanyahu’s government, averting early elections, but raises concerns over inflation, rising deficits, and delays in interest rate cuts.
Israel Passes Crucial Defence Budget Amid Ongoing Conflict
Israel's parliament approved a defence-heavy 2026 budget, allowing Prime Minister Netanyahu to avoid early elections as the country wages a joint war with the U.S. on Iran. The 699-billion shekel budget helps stave off potential elections and boosts defence spending, impacting fiscal policy and economic stability.
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