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Israel's 2026 Budget Approved: Defense Cuts, Dairy Reform Ahead

12/8/2025

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Summary

Story summary

The Israeli government approved the 2026 budget totaling 662 billion shekels, 40 billion more than proposed, with Israeli Finance Minister Bezalel Smotrich saying it avoids tax increases and may provide relief.
The defense budget is 112 billion shekels, below the military's request of 140 billion.
The dairy reform, aimed at lowering costs through increased imports, was approved despite opposition from local farmers and the Ministry of Agriculture.

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Story summary

The Israeli government approved the 2026 budget totaling 662 billion shekels, 40 billion more than proposed, with Israeli Finance Minister Bezalel Smotrich saying it avoids tax increases and may provide relief.
The defense budget is 112 billion shekels, below the military's request of 140 billion.
The dairy reform, aimed at lowering costs through increased imports, was approved despite opposition from local farmers and the Ministry of Agriculture.