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Israel set to transfer one billion shekels to Defense Ministry for 'urgent, classified procurement'

1d ago ·  Source: The Jerusalem Post 82Objectivity score82/100

Israel set to transfer one billion shekels to Defense Ministry for 'urgent, classified procurement'

The resolution calls for the procedure "in light of the state of emergency in which the State of Israel finds itself; given the urgent and immediate need to provide an operational response"

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🗞️ In-depth summary

Israel's Finance and Defense Ministries are preparing to submit a resolution for government approval to transfer an additional NIS 1 billion to the Defense Ministry. This transfer is for "urgent and immediate need to provide an operational response and for the need for classified procurement" due to the current state of emergency. The Ministerial Committee for Defense Procurement approved the transfer on Friday. NIS 850 million will be reallocated from a 2026 technology investment budget, with the remaining NIS 150 million from previously reserved but unallocated funds. A legal opinion supports urgent approval despite it occurring during an election period, citing security imperatives.

Automatically generated summary based on the original article; quotes are from the source.
This story is based on reporting by The Jerusalem Post.
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