(December 27, 2021 / JNS) The Knesset Finance Committee approved a NIS 1.5 billion ($481 million) budget addition to the 2021 defense budget on Monday, after approving an additional NIS 7.4 billion (2.37 billion) on Thursday, according to Calcalist.
The near NIS 9 billion ($2.89 billion) cash injection have been categorized as going towards classified objectives, the report said, adding that “details about the transfers will be given only to the Joint Defense Budget Committee.”
Knesset Members who asked why the additional funds were not included in the state budget approved on Nov. 4 were told that the decision was only taken in recent weeks, according to the report.
In July, the government approved a NIS 58 billion ($18.6 billion) defense budget for 2022 – seven billion shekels more than the 2021 budget.
At that time, the Defense Ministry requested a nine billion shekel increase, including three billion to cover the costs of May’s Operation Guardian of the Walls against Hamas.
The new Israeli defense budget will enable Israel to develop new tools, operational plans and technologies to take on “all threats we face,” Defense Minister Benny Gantz said, days before it was passed in November.
Jewish News Syndicate
With geographic, political and social divides growing wider, high-quality reporting and informed analysis are more important than ever to keep people connected.
Our ability to cover the most important issues in Israel and throughout the Jewish world—without the standard media bias—depends on the support of committed readers.
If you appreciate the value of our news service and recognize how JNS stands out among the competition, please click on the link and make a one-time or monthly contribution.
We appreciate your support.