Government Approves Defense Budget Cut
July 16 2010
The Israeli government has voted to decrease the defense budget by 2.7 billion new Israeli shekels (US$700 million) over the next two years, the Jerusalem Post reports.
Earlier plans anticipated a defense reduction of NIS 3 billion (US$779 million).
Defense Minister Ehud Barak said the decision was needed "given the economic and social reality," reported Israel's Ynet News.
There was also a cut in the budget for the Public Security Ministry of NIS 700 million (US$182...
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