Israel increases 2026 defence budget to $34B

7 hours ago

Israel's defence budget for 2026 has been set at 112 billion shekels ($34.63 billion), the defence minister's office said on Friday, up from 90 billion shekels budgeted in an earlier draft. Defence Minister Israel Katz and Finance Minister Bezalel Smotrich agreed on the defence spending framework as the cabinet has begun debating next year's budget, which needs to be approved by