It’s part of Trump’s proposal for a massive $113 billion increase in Department of Defense spending, a jump of 13%, amid widespread cuts elsewhere.
Smotrich claimed there were necessary budget cuts across multiple sectors as a result of the war's growing cost.
Israel Democracy Institute found that 68% of respondents would prioritize returning the hostages, compared to 25% who would prioritize toppling Hamas.
The Jerusalem Dispatch Podcast with Elliot Jager and Calev Ben-David.
With the passing of the law, NIS five billion from the directorate's NIS 19 billion budget will be released for economic, social and infastructure development.
Despite government claims of resilience, economists warn the new budget depends inequality, neglects infrastructure, and bets on short-term political survival over long-term economic stability.
The Religious Zionist Party, led by Finance Minister Bezalel Smotrich, fell below the electoral threshold with just 2.6% support.
Bank of Israel governor criticized the country's 2025 budget, cautioning that it would not bring down debt levels enough to offset a spike in spending caused by the war.
The 2025 Israeli budget allocates 545 million NIS for public diplomacy, with additional funds for defense and public transportation, aiming to support reservists and reduce social disparities.
Protesters blocked multiple entrances to the Knesset while a vote was held on the 2025 budget, as police attempted to disperse them.
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