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Israel Hikes Defense Spending By $700 Million

Discussion in 'International Politics' started by Manmohan Yadav, Jan 10, 2012.

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  1. Manmohan Yadav

    Manmohan Yadav Brigadier STAR MEMBER

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    JERUSALEM - Israeli premier Benjamin Netanyahu announced Jan. 8 an increase of nearly $700 million in the defense budget, after saying last year that he would cut military spending to finance social reforms.

    "We are going to add three million shekels to the defense budget," Netanyahu said at a news conference.

    Netanyahu had in October supported the recommendations of a report he commissioned, by respected economist Manuel Trajtenberg, which were intended to address rising frustrations about the cost of living and income disparity in the Jewish state that triggered mass protests last year.

    One of the Trajtenberg report's proposals was to cut a defense budget that amounts to around $14 billion, of which $3 billion comes in annual U.S. military aid, to finance a series of social initiatives without increasing the deficit.

    "I have reflected on this question, but in view of what has happened in the region, I have reached the conclusion that cutting the defense budget would be a mistake, even a big mistake," Netanyahu said.

    "Any sensible person can see what is happening around us. ... All these changes have strategic implications for the national security of the state of Israel, for our ability to face the new challenges and instability," he told a weekly cabinet meeting, according to a statement from his office.

    The Israeli army "is the shield of the country, which is why we must increase its means," he added.

    The prime minister said that in return for the spending increase, the defense ministry would have to respect the principle of transparency, which would allow the government to monitor the management of the budget.

    "In the past, we discovered things late, whereas now we will become aware of them in real time," Netanyahu said.

    Israel's cabinet in October approved the recommended economic reforms outlined by the 267-page Trajtenberg report, which covered housing, competitiveness, social services, education and taxation.
     
  2. hoatle1

    hoatle1 2nd Lieutant FULL MEMBER

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    I think the reason is obviously to deal with Iran's nuclear ambitions.
     
  3. arulcharles

    arulcharles Lieutenant FULL MEMBER

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    I think in coming years India also should rice the GDP because our soldiers are using the equipment which is too old and there is much thing that are used beyond the time limit
     
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