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Finance Ministry agrees to give Defense Ministry immediate $5B budget hike
Compromise avoids reopening 2026 state budget for now, after Treasury warned Defense Ministry’s full request could force sharp VAT hike
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Timeline cronologica
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Treasury warns wartime defense spending could force 4.5% VAT hike
Finance officials say meeting Defense Ministry’s full budget request would require a sharp tax increase, raising costs across Israel’s economy
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Finance Ministry agrees to give Defense Ministry immediate $5B budget hike
Compromise avoids reopening 2026 state budget for now, after Treasury warned Defense Ministry’s full request could force sharp VAT hike