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JERUSALEM: Israel’s security cabinet approved a budget of 1.3 billion shekels ($434 million) for establishing 34 new settlements in the occupied West Bank, right-wing Finance Minister Bezalel Smotrich said on Tuesday, adding to tensions over territory widely viewed as central to a potential Palestinian state.

UN bodies, Palestinians and most countries view the settlements as illegal under international conventions and a primary obstacle to peace.

Smotrich, who has long opposed Palestinian statehood, is head of the Reli­gious Zionism party that draws much of its support from settlements and is running in the upcoming legislative election on Oct 27.

The planned settlements would bring the total established under his four-year tenure to 103. Smotrich said another 1.075 billion shekels would be approved to pave roads to the new settlements. Last month, government ministers referred the settlement funding plan to the security cabinet.