Israel approves emergency military funding as Iran war rages

Published
0

Israel has approved an $827-million emergency budget allocation for military purchases, Israeli media reported Sunday, as the war with Iran entered its third week.

The 2.6-billion-shekel package was approved over the weekend by cabinet ministers during a telephone meeting, the daily Haaretz reported, according to AFP.

It will be used for “security purchases” and to address “urgent needs”, it said, without providing further details.

A finance ministry document circulated to all ministers and reported by several media outlets, including Channel 12, said that “given the intensity of the fighting”, the additional budget allocation was necessary.

“An urgent and immediate need has arisen to provide an operational response, including the acquisition of munitions, the procurement of advanced weapons systems and the replenishment of critical combat stocks,” the document said.

The document added that the move constituted “an exceptional emergency decision intended solely to address needs arising from the conduct of the fighting”.

The funds will be drawn from the state budget, totalling $222 billion and approved by the government on March 12, and expected to be adopted by the Knesset by March 31, according to the reports.

The government of Prime Minister Benjamin Netanyahu has not yet officially commented on the measure or specified what purchases the funds will cover.

Since the Israeli-US bombardments against Iran that began on February 28, Israel has been targeted daily by Iranian ballistic missile fire, which the military has mostly intercepted using its missile defence systems.

According to Haaretz, citing security officials, 250 ballistic missiles had been fired by Iran at Israel as of March 13.

Opinion

Editorial

Risks ahead
Updated 02 Oct, 2026

Risks ahead

To think that the government would rather push out an elected government than grant a single prisoner some facilities does not square up rationally.
Exit from Iraq
02 Oct, 2026

Exit from Iraq

AMERICAN and British troops have once again shipped out of Iraq. On Wednesday, the foreign forces left the Arab...
Lahore’s ozone warning
02 Oct, 2026

Lahore’s ozone warning

LAHORE has received another warning that its air pollution crisis cannot be treated as a problem that begins with...
Fixing bond markets
Updated 01 Oct, 2026

Fixing bond markets

Pension funds, insurance companies, mutual funds, retail investors, and eventually, foreign investors must become bigger participants in the market.
Call centre rackets
01 Oct, 2026

Call centre rackets

A NUMBER of recent raids conducted by the authorities in different cities point to the growing threat fraudulent ...
Homeward bound
01 Oct, 2026

Homeward bound

FIVE months after Somali pirates captured an oil tanker carrying a 19-member multinational crew, Somali maritime...