CTech:
The Israeli cabinet on Wednesday reviewed a new armaments scheme for Israel that will see the country allocate additional $8.1 billion to its defense budget for the next ten years, Israeli daily Yedioth Ahronoth reported. The majority of the funds will be invested in expanding the Israeli military’s missiles arsenal and ballistic defense systems.
The plan is spearheaded by Israeli Prime Minister Benjamin Netanyahu and the country’s Finance Minister Moshe Kahlon. While the plan addresses all of Israel’s homeland security operations, Yedioth Ahronoth cited Kahlon as saying its primary objective is to protect Israel from ballistic threats.
In July, Yedioth Ahronoth first reported on the plan as it was taking shape, saying it is the result of an understanding that the next wide-scale conflict involving Israel will include massive missile attacks capable of reaching all areas in the country.
