Defense Ministry Faces NIS 4.5 Billion Cut in Planned 2013-14 Budget

The ultimate proposed budget, which cannot be approved until the new Knesset is seated and a new government is in place, will be a two-year budget, covering 2013 and 2014.

The Finance Ministry’s budget division is preparing a plan that would cut NIS 10 billion from expenditures in the 2013 budget and NIS 20 billion in the 2014 budget, with the Defense Ministry facing a NIS 4.5 billion cut over the two years.