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Netanyahu Calls for $133B Defense Boost
Israeli Prime Minister Benjamin Netanyahu has called for a 13-year increase in the defense budget from 350 billion to 400 billion shekels (117 to 133 billion dollars), ahead of elections scheduled for next October. These requests come amid a rise in Israel’s defense budget, which has increased from 112 billion shekels to 143 billion shekels since the beginning of the year, following Israel’s decision to go to war with Iran. Israel’s finance minister opposes the increase, emphasizing that it would require cutting other expenses or raising taxes, while defense officials warn that failing to meet the request could lead to the shutdown of critical weapons and ammunition production lines, potentially impacting the army’s readiness in wartime.
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