Published On: Sun, Jul 20th, 2014

Defense budget seen rising

Ministries are already discussing large supplements for defense in the 2015 budget.

Operation Protective Edge has so far lasted 13 days, and each day that passes raises its cost.

The Ministry of Defense has reported to the Ministry of Finance direct costs of some $285 million  for the fighting. This does not include the cost of damage caused by rocket fire and damage to economic activity.

Meanwhile, the relevant government ministries have begun to discuss the defense budget for 2015 and the additional sums that will be demanded. According to a Ministry of Finance source, the talks are about very large supplements for defense. The source refused to give numbers, but estimates mention an additional NIS 6 billion at least at this stage.

The numbers will rise as the operation in the Gaza Strip goes on. Last week, “Globes” reported that if a ground offensive were to take place (it started in fact last Thursday), then the operation could cost $ 2.42 billion.

 

Published by Globes [online], Israel business news – www.globes-online.com 

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