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Israel Shifts 1 Billion Shekels to Record Defense Budget

8/10/2026

Summary

Story summary

Israel's cabinet approved moving one billion shekels to the defense budget for procurement.
The shift takes 850 million shekels from Economy and Industry Ministry’s tech-job creation budget for an Intel plant and adds 150 million shekels from unused allocations.
The reallocation raises the defense budget to a record 184 billion shekels ($61 billion).
A legal opinion said the move faces no obstacle after the cabinet approved F-35 and F-15IA jets and Arrow missile purchases.

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Story summary

Israel's cabinet approved moving one billion shekels to the defense budget for procurement.
The shift takes 850 million shekels from Economy and Industry Ministry’s tech-job creation budget for an Intel plant and adds 150 million shekels from unused allocations.
The reallocation raises the defense budget to a record 184 billion shekels ($61 billion).
A legal opinion said the move faces no obstacle after the cabinet approved F-35 and F-15IA jets and Arrow missile purchases.