Netanyahu, Smotrich Declare: Draft Law Will Not Advance, Budget Approval To Be Accelerated
Israeli Prime Minister Bibi Netanyahu and Finance Minister Bezalel Smotrich announced Tuesday evening that Israel’s state budget will be rushed through approval with major changes to reflect the financial burden of the war, including the cancellation of certain benefits previously slated for the public.
In a joint statement, the two leaders explained that the revised budget will prioritize a substantial increase in defense spending, redirecting resources toward the war effort while eliminating several programs that had been intended to benefit citizens.
Minister Smotrich explained: “Against the backdrop of the existential war we are waging to destroy the Iranian axis of evil, we are now convening for the immediate passage of the state budget, at the center of which will be the required addition to the defense budget to finance the war.”
He added, “In order to succeed in this mission, we are now setting aside issues that are in dispute and are not appropriate during wartime. We are putting aside the Draft Law, which will not be advanced at this time, as well as several reforms around which we have not yet reached broad agreement. War is a time for unity and national responsibility, and I thank you, Mr. Prime Minister, and all members of the government and the coalition.”
Smotrich said that quickly approving the budget is essential both for the military campaign and for the country’s long-term economic direction.
He further stated: “Passing the budget immediately will allow us, with God’s help, to win the war, provide better services to Israel’s citizens in many areas, establish a new regional order in the Middle East with the State of Israel as a regional and global power at its center, and place Israel on a path of accelerated growth, development, and prosperity in the coming years. Together, Mr. Prime Minister, we will, with God’s help, win the war and win in the economy.”
Prime Minister Netanyahu echoed the need for extraordinary wartime spending, emphasizing that the ongoing conflict requires significant financial resources.
Netanyahu added: “We are in a campaign against a cruel enemy that seeks to destroy us. We had to launch this campaign. But it costs a lot of money. Therefore we are required to allocate a special budget during the war-tens of billions of shekels-to support the defense budget and the war effort.”
{Matzav.com}
