The Finance Ministry and Defense Ministry are set to submit a resolution for the transfer of an additional NIS 1 billion to the Defense Ministry for government approval on Sunday, N12 reported.
The resolution calls for the procedure “in light of the state of emergency in which the State of Israel finds itself; given the urgent and immediate need to provide an operational response and for the need for classified procurement.”
The majority of the amount, NIS 850 million, will be taken from a budget designated for investments in the technology sector in 2026 as part of the Ministry of Economy and Industry’s budget for promoting investments and encouraging employment, according to the report.
The rest, NIS 150 million, will come from budgets reserved in previous government decisions but not yet allocated this year.
According to the legal opinion attached to the proposal, without approval…
