Israel to boost security budget by hundreds of millions of dollars

(Worthy News) – Prime Minister Benjamin Netanyahu presented the cabinet with his “2030 Security Concept” on Wednesday, which will add hundreds of millions of dollars to military spending, and outlines the expected threats, military manpower needs, and principles for using force over the next decade.

The full classified version of the document, which has been developed over the past two years, will soon be shared with the Knesset Subcommittee for the Intelligence Services, the Prime Minister’s Office said, as well as with the IDF General Staff, Shin Bet security service, and Mossad.

The unclassified version of the plan addresses security outlays and calls for an increase in defense spending of 0.2 to 0.3 percent of gross national product. According to the plan, the goal aims to reach an average annual growth of 3-4% with an average security budget of 6% of GNP. [ Source: Times of Israel (Read More…) ]

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