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The IDF budget is expected to rise to a record level: the IDF is asking for an additional 25 billion shekels, about 8 billion dollars, over its current budget of 158 billion shekels, after raising it from 111 billion. Estimates indicate that the military budget will reach NIS 200 billion next year, and spending will rise from 7.8% to 8.3% of the gross domestic product. Before the war, the annual budget ranged from NIS 70 to 80 billion. The cost of deploying the IDF on three fronts exceeds two billion shekels per week, with a shortage of between 15 and 20 thousand soldiers. The Ministry of Finance is considering raising the value added tax from 18% to 19%, which may generate NIS 8.5 billion to cover the expected expenses.

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https://t.me/Gaza_media07 · · Source

The IDF budget is expected to rise to a record level: the IDF is asking for an additional 25 billion shekels, about 8 billion dollars, over its current budget of 158 billion shekels, after raising it from 111 billion. Estimates indicate that the military budget will reach NIS 200 billion next year, and spending will rise from 7.8% to 8.3% of the gross domestic product. Before the war, the annual budget ranged from NIS 70 to 80 billion. The cost of deploying the IDF on three fronts exceeds two billion shekels per week, with a shortage of between 15 and 20 thousand soldiers. The Ministry of Finance is considering raising the value added tax from 18% to 19%, which may generate NIS 8.5 billion to cover the expected expenses.

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