Breaking News

Budget Crunch May Force IDF to Suspend Training and Acquisitions

The Israel Defense Forces logo. Photo: IDF. – The Israeli defense establishment on Monday warned yet again that unless its budget is increased, the Israel Defense Forces would have no choice but to suspend training and acquisitions, Israel Hayom reported.

The current disagreement between the Defense Ministry and the Finance Ministry focuses on a sum of $1.2 billion pledged to the defense establishment in favor of external projects, such as the plan to move the military’s training bases from central Israel to the south. Defense officials said that the Finance Ministry had promised in the past that it would contribute to those projects’ funding, but now it refuses to appropriate the necessary funds.

“The problem is that the Finance Ministry routinely reneges on its agreements with us,” a defense official said Monday.

Israeli defense spending for 2015 has been set at $15 billion.

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Source:: The Algemeiner

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Posted by on October 28, 2014. Filed under Breaking News,Israeli News,Slider. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.