Israel-Iran War: Short-term pain for a long-term lower defense budget?

In early 2024, a special committee recommended that Israel increase its defense budget by $80 billion over a decade – but the blows dealt to Iran, Hezbollah and Hamas may end up saving costs

The war with Iran has ended with a cease-fire, but the tremendous costs of the aerial war will continue to weigh on Israel's budget in the short term. In the long term, defense spending might go down as Iran's so-called ring of fire against Israel continues to weaken.

Live coverage and analysis from Israel, Iran and the Mideast

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