Israel to spend $30 bn. for war budget in Gaza and Lebanon in 2030

A Military Budget for a Permanent War - Rosa-Luxemburg-Stiftung

Tel Aviv is escalating strikes on Lebanon and threatening a new war on the country, coinciding with continued attacks in Gaza and Syria

 

Israel's defence acquisition budget surges by 17.1% CAGR during 2019-23 -  APDR

Israeli Defense Minister Israel Katz announced on 5 December that Tel Aviv’s 2026 defense budget has been set at NIS 112 billion ($34.63 billion), up from the NIS 90 billion ($23.4 billion) included in an earlier draft.

“We will continue to act decisively to reinforce the IDF and to fully address the needs of the fighters and to reduce the burden on reservists – in order to ensure the security of the State of Israel on every front,” Katz’s office added.

How big is Israel's military and how much funding does it get from the US?  | Israel-Palestine conflict News | Al Jazeera

The Israeli government approved the 2026 budget on 5 December, Prime Minister Benjamin Netanyahu’s office announced.

The approval of the budget caused an uproar among the opposition.

Recent data shows that Israel's monthly military spending at least doubled  to reach $4.7B by the end of 2023 compared to the previous quarter. Tel  Aviv plans to raise its debt to

 

 

“This morning, the government is approving a budget of corruption and draft-dodging. In order to fund the NIS 60 billion ($18.6 billion) cost of Haredi draft-dodging, they are raising taxes on the citizens of Israel,” said opposition leader Yair Lapid. “They didn’t even consider closing superfluous government offices, or getting rid of the corrupt coalition funds.”

The overall state budget has been set at NIS 662 billion (around $205 billion).

United States Spending on Israel's Military Operations and Related U.S.  Operations in the Region, October 7, 2023-September 30, 2024 | Costs of War  | Brown University

“We are bringing forward a balanced budget that will meet Israel’s comprehensive security needs,” Netanyahu said on Thursday ahead of the cabinet debate on the budget.

The approval of the budget comes as Israel continues to violate two ceasefire agreements.

In Gaza, deadly airstrikes have not stopped since US President Donald Trump’s ‘peace plan’ came into effect. Israeli forces have killed hundreds of Palestinians since the truce was reached in October.

“Israel may still be looking at a military option as a way of disarming Hamas and therefore is in no hurry to transition into the ceasefire’s second stage,” sources told Haaretz late last month.

How big is Israel's military and how much funding does it get from the US?  | Israel-Palestine conflict News | Al Jazeera

Meanwhile, in Lebanon, dozens have been killed in the past two months alone. Israel has threatened to launch a new war against the country unless Hezbollah surrenders all its arms by year’s end.

Israel is also expanding its occupation in southern Syria, and is reportedly considering expanding its attacks there after a rare resistance operation wounded six Israeli soldiers. Israel’s attacks killed 13 Syrians in response to the ambush against its troops.

A report by Israel’s Channel 12, released after the truce was reached in Gaza, suggested Tel Aviv may even be considering renewing attacks on Yemen, despite the Yemeni army ending its pro-Palestine operations following the ceasefire deal.

Source :

The Cradle

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