Netanyahu's Cabinet Approves $13 Billion Budget Boost for War Efforts

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Netanyahu Cabinet Expands Budget by $13 Billion to Fund Iran War

Netanyahu Cabinet Expands Budget by $13 Billion to Fund Iran War

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CNBC TV18•10-03-2026, 22:41

Netanyahu Cabinet Expands Budget by $13 Billion to Fund Iran War

•Netanyahu's cabinet will expand Israel's defense budget by almost 40 billion shekels ($13 billion) to fund the war with Iran.
•The supplement is part of a revised 2026 budget, requiring cabinet approval late Tuesday and parliament sign-off by month-end.
•Defense spending will total 140 billion shekels, 115% higher than in 2023, primarily for military inventory and reserve soldiers.
•The target deficit (previously 3.9%) will likely be raised; borrowing has soared since October 2023, adding 10 billion shekels annually in interest.
•Austerity measures totaling 30 billion shekels are in place through 2027; budget approval by March 31 is critical to avoid government collapse.

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