Israeli Parliament Approves Budget Bill, Defense Budget Reaches New High
Xinhua News Agency, Jerusalem, March 30 - According to a report by the "Times of Israel" on the 30th, the Israeli parliament approved the 2026 budget, with the defense budget reaching a historic high.
The report stated that the parliament passed the spending bill of 850.6 billion new shekels (approximately 271 billion USD) with 62 votes in favor and 55 votes against, "avoiding a possible government collapse and early elections."
The report noted that this is the largest budget in Israel's history. Among them, the defense ministry's budget has reached a historic high, expected to exceed 142 billion new shekels (approximately 45.3 billion USD).
The report mentioned that the Israeli parliamentary elections are expected to be held in October 2026.
The Israeli parliament approved the 2026 budget on March 30, 2023, which includes a record high defense budget exceeding 142 billion new shekels (approximately 45.3 billion USD). This budget, totaling 850.6 billion new shekels (approximately 271 billion USD), was essential to prevent a potential government collapse and early elections. The next parliamentary elections in Israel are anticipated in October 2026.
- The Israeli parliament approved the 2026 budget on March 30, 2023.
- The defense budget reached a record high of over 142 billion new shekels (approximately 45.3 billion USD).
- The budget approval was crucial to avoid a potential government collapse and early elections.
- The total budget approved was 850.6 billion new shekels (approximately 271 billion USD).
- Israeli parliamentary elections are expected to be held in October 2026.