BREAKING NEWS

Barak: Defense budget decreasing as percentage of GNP

By JPOST.COM STAFF

NOVEMBER 24, 2011 22:27

Defense Minister Ehud Barak spoke Thursday of challenges being faced by a decrease in the defense budget and reiterated the need to look at the wider picture.

"When it comes to the defense budget, we are facing a challenge because of the reality that surrounds us. What we need is to see the big picture," the defense minister said during a speech at a lawyers conference in Tel Aviv.

"The defense budget of the State of Israel is decreasing as a percentage of gross national product (GNP) and as a percentage of the state budget. When I was head of the Planning Directorate, 30 years ago, the defense budget was about 16 percent of GNP and it is now less than 6% of GNP and is continuing to fall," he said.

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