Military Procurement
Found 3 recent publications
An election campaign that will cost the Israeli economy dearly
Globes has learned that Benjamin Netanyahu wants to break the budget to transfer 400 billion shekels to the defense system, while emphasizing military procurement in his election campaign. However, this move, for which it is difficult to find justification at this time, could lead to a downgrade of Israel's rating and a significant tax increase next year.
Globes Exclusive: Netanyahu demands to transfer 400 billion shekels to defense during the election period
Globes has learned that the Prime Minister ordered last night at a multi-participant meeting to convene the Knesset to vote on breaking the budget, which would allow for an additional 400 billion shekels for military procurement. This may lead to a breach of the deficit target and undermine market confidence in the economy.
Government Approves 70 Billion Shekels in Military Procurement Without Clear Funding Source
The Ministerial Committee for Procurement has approved IDF commitments worth 70 billion shekels ahead of elections. The decision requires the expenditure to be included in the 'numerator' mechanism, forcing the government to identify specific budget sources.