Israel's parliament approved the 2026 budget early Monday, providing for a significant increase in military spending as the country remains engaged in wars on multiple fronts.Lawmakers passed the budget with 62 votes in favor and 55 against.
The proposed total expenditure budget for 2026 amounts to approximately 850 billion Israeli shekels or $ 270 billion.
"As part of the updated budget, and in light of Operation 'Roaring Lion', more than NIS 30 billion (about $10 billion) has been added to the ministry of defence budget, bringing it to over NIS 142 billion," the parliament said in a statement.
