MKs approve extra NIS 500m. for military budget

Rise is part of a NIS 3 billion increase to the 2012 budget proposed by the government in January.

By
September 13, 2012 04:22
1 minute read.
New IDF recruits

New IDF recruits 521. (photo credit: IDF Spokesman’s Office)

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

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • 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 Show me later Don't show it again

The Knesset Finance Committee on Wednesday approved an NIS 500 million increase to the 2012 military budget, which brings the budget’s total to approximately NIS 60.3 billion.

The rise is part of a NIS 3 billion increase to the 2012 budget proposed by the government in January, which has yet to be approved by the Knesset Finance Committee.

Be the first to know - Join our Facebook page.


The Defense Ministry will still push for the remaining NIS 2.5 billion supplement to the budget to be paid by the end of the year, a ministry official said Wednesday.

During the committee meeting, Finance Ministry officials called for cutting the NIS 2.5 billion increase, but the committee did not grant the demand.

Also on Wednesday, the finance committee approved a government decision to slash NIS 286 million from other government ministries, largely to pay for the military budget increase.

During a cabinet meeting in mid-August, Prime Minister Binyamin Netanyahu said that changes taking place in the region demand a reassessment of the country’s defense needs.

“The threats directed at the State of Israel are changing and we need to be prepared for that,” Netanyahu said.



“We need to ensure that the security Israeli citizens have enjoyed in the past three-and-a-half years continues through the changing conditions.”

Herb Keinon contributed to this report.

Related Content

idf hebron
August 22, 2014
Palestinians throw Molotov cocktail at IDF checkpoint in Hebron

By KHALED ABU TOAMEH, TOVAH LAZAROFF