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Israel Approves 2026 Budget After Deal Sets Defense at NIS 112 Billion

Spending levels are anchored to an assumption of about 40,000 reservists in 2026.

Overview

  • The government approved a 2026 state budget totaling NIS 662 billion, incorporating the NIS 112 billion defense allocation reached overnight by the Defense and Finance Ministries.
  • The defense figure is well below the initial request of roughly NIS 140 billion, reflecting a negotiated compromise between Defense Minister Israel Katz and Finance Minister Bezalel Smotrich.
  • A separate determination adds NIS 350 billion to defense over the next decade outside the annual budget, according to the announcements.
  • An additional NIS 725 million, spread over three years, was earmarked for security infrastructure in Judea and Samaria and along the eastern border.
  • The framework includes an enforcement clause imposing across-the-board cuts if defense outlays exceed targets, and the budget now moves to the Knesset, which must pass it by the end of March to avoid elections.