Friday, November 01, 2013

Israel Defense Forces to get $750 million budget increase


The standoff between the Finance and Defense ministries over the 2014 defense budget came to an end on Thursday with the security cabinet approving an infusion of NIS 2.75 billion ($780 million) for the defense establishment.

The cabinet was unanimous in its decision, the Prime Minister’s Office said in a statement, noting that the cash for the budget increase would be drawn from a budget surplus.

The IDF had hoped to secure a NIS 4.5 billion ($1.28 billion) increase .... http://www.timesofisrael.com