Tel Aviv, Nov. 13 -- Israel's Defence Ministry has proposed an ambitious record defence budget of 144 billion shekels (USD 45 billion) for 2026 as the country seeks to rebuild and strengthen its military following the end of its three-year-long war with Hamas terrorists in Gaza.
The budget - one of the largest in Israel's history - will be supplemented by the long-delayed delivery of USD 3.8 billion worth of security funds from the US, which had been bogged down and delayed significantly due to Washington's recent government shutdown, reports Calcalist, an Israeli daily.
Alongside the main allocation, the ministry is also requesting an additional 37 billion shekels (USD 9.8 billion) for the reserve forces budget, which would fund the recr...