Defense budget gets additional NIS 260M - Israel Business, Ynetnews

   Israel News

Israel News
World News
Israel Opinion
Israel Business
Israel Culture
Israel Travel
Funding Issues

IDF tank near aza Strip Photo: Reuters
IDF tank near aza Strip Photo: Reuters

Defense budget gets additional NIS 260M

Finance Committee approves Defense Ministry's request for extra funding, which was submitted before current escalation in south; budget increment's purpose not disclosed

Zvi Lavi
Published: 04.11.11, 14:27 / Israel Business

The Knesset's Finance Committee on Sunday approved a request for an addition of NIS 260 million (about $75 million) to the defense budget. The addition was approved by the committee after being rejected several weeks ago.


On Sunday, it was approved unanimously after Treasury officials said it was for an extremely important security issue. The purpose of the budget increment was not disclosed.


Price Tags
'Iron Dome will eventually pay for itself' / Udi Etzion
Military hopes success of new anti-missile system in south will propel future sales, export to other countries, balance operational costs
Full story
At the last minute, the committee was asked to increase the addition by NIS 124 million ($36 million), but since the request was not explained by the Treasury representatives – it wasn't voted on.


In January, the Treasury asked the Finance Committee for an additional NIS 700 million ($203 million) for the defense budget.


Finance Ministry officials refused to elaborate on the purpose of the new funds, but stated that a series of increments was expected following a change in the defense establishment's evaluation of the situation after the Egypt upheaval and concerns that the peace agreement would be collapse.


The purpose of the funding was detailed by the Defense Ministry in the defense budget committee, which is a secret committee belonging to the Knesset's Finance and Foreign Affairs and Defense committees.


The Defense Ministry budget for 2011 stands at some NIS 56 billion ($16 billion), including an NIS 5 billion ($1.45 billion) addition the Treasury and defense establishment have agreed on. The defense establishment originally asked for an addition of NIS 10 billion ($2.9 billion).


The Defense Ministry clarified in response to media reports on possible budget increments that the ministry "did not ask for one additional shekel to its budget. We regret the fact that while the fighting goes on in the south, the Treasury workers engage in intrigues which do not help the efforts to defend the south's residents.


"The NIS 260 million budget the Finance Ministry asked for this morning at the Finance Committee for the Defense Ministry is not an addition to the defense budget, but an implementation of government decisions approved in the past."


Avital Lahav contributed to this report





commentcomment   PrintPrint  Send to friendSend to friend   
Tag with Bookmark to

2 Talkbacks for this article    See all talkbacks
Please wait for the talkbacks to load


RSS RSS | About | Contact Us | Privacy Policy | Terms of use | Advertise with us | Site Map

Site developed by  YIT Advanced Technology Solutions