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!
Mexico sentences five men to 697 years for killings of 11 women (AP)
from the article: Israel set to become OECD's poorest member