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Israel Approves $271 Billion Budget Amid Ongoing War

3/30/2026

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Story summary
  • Israel's parliament approved a record $271 billion budget in a 62-55 vote, increasing military spending amid an ongoing war with Iran.
  • Opposition leader Yair Lapid criticized allocations to ultra-Orthodox institutions, calling it "the greatest theft in the history of the state."
  • Finance Minister Bezalel Smotrich emphasized the government's commitment to security and economic reforms.
  • The war has killed over 1,200 people and displaced about 1.2 million, worsening the humanitarian crisis.