Israel spend billions every year on defense. This is needed for its survival. If Israel did not need to spend so much on defense it could spend a lot more on various social and economic programs thus becoming as rich as any other OECD country. May peace arrive soon to Israel and its neighbours!
Russian defense ministry: Plane sent to intercept U.S. plane near border on Friday (Reuters)
from the article: Israel set to become OECD's poorest member