Knesset Finance Committee blocks NIS 1.82b transfer of surplus American defense aid

MK Slomiansky demands explanation on how surplus came about at time when Defense Ministry is seeking more funds.

By
December 2, 2013 19:40
1 minute read.
Dollar bills.

Dollar bills 370. (photo credit: Steve Marcus / Reuters)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For a symbolic $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Don't show it again

The Knesset Finance Committee blocked the transfer of NIS 1.8 billion in “surplus” funds from the 2012 budget to the Defense Ministry on Monday, saying it required explanations to justify the transfer of such large funds.

“You cannot authorize such a large budget transfer casually, without comprehensive explanations on how such a surplus came about at a time that the defense establishment requires more funds. This while the other ministries are asked to tighten their belts,” said Committee chairman MK Nissan Slomiansky (Bayit Yehudi).

Be the first to know - Join our Facebook page.


A Finance Ministry official explained that the surplus funds were from American defense aid, left over from 2012.

“While in the shekel budget, a negligible sum of NIS 4 million remained, in the dollar (aid) budget a surplus remained,” said the representative.

“You cannot make use of American money for anything but approved purposes.” But the explanation did not satisfy Slomiansky and the committee.

The aid funds, for example, could have been used first, which would have left excess funds from the defense ministry’s Israel-based budget available.

The Finance Ministry and Defense Ministry have been involved in a prolonged disagreement over the defense budget, with the former arguing that the latter could “trim the fat” substantially.



In late October, the security cabinet unanimously voted to increase the defense budget by NIS 2.75b. giving the ministry a moderate victory; it had sought NIS 1.75b. more.


Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS