Story perspectives

Israel Unveils NIS 187 Billion Defense Budget Funding Plan

By Drooid · Oct 27, 2026, 10:42 AM UTC · How we work

Summary

Story summary

Israel's Finance Ministry unveiled a plan to fund a NIS 187 billion defense budget through cuts and taxes.
Funding relies on coalition cuts, efficiency drives, and a 2027-2028 budget under the Economic Arrangements Law.
Ending a fuel subsidy Saturday night lifted gasoline to NIS 8.90 per liter, at least NIS 1 higher.
Tax measures—including rental-income reporting, a “Netflix tax,” reduced pension benefits, and ending VAT exemptions—target NIS 10 billion in revenue.

1 of 1

Story summary

Israel's Finance Ministry unveiled a plan to fund a NIS 187 billion defense budget through cuts and taxes.
Funding relies on coalition cuts, efficiency drives, and a 2027-2028 budget under the Economic Arrangements Law.
Ending a fuel subsidy Saturday night lifted gasoline to NIS 8.90 per liter, at least NIS 1 higher.
Tax measures—including rental-income reporting, a “Netflix tax,” reduced pension benefits, and ending VAT exemptions—target NIS 10 billion in revenue.