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Heavy economic pressure: In the midst of war with Iran, Israel significantly increases its defense budget

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Israel’s Parliament has approved a massive increase in the defense budget, with a rise of several billion dollars. Bethsabée Salem, a correspondent in Israel, explains the reasons for this significant increase on LCI.

A substantial increase. The Israeli Parliament approved a massive increase in the defense budget on Monday, March 30, around 8 to 9 billion dollars, a month after the start of the conflict in the Middle East. The state’s expenses in this area have been rising sharply in recent years.

“It’s a 20% increase compared to last year”, points Bethsabée Salem, a correspondent in Israel, on LCI. In this field, France has a slightly higher budget than Israel, even though it has a much higher population. However, “an Israeli funds six times more defense spending than a French person. It’s enormous economic pressure”, notes the journalist on Monday.

The involvement of the Israeli state in several conflicts is behind this situation. Air defense and interception systems represent a high cost for Israel. “When ballistic missiles are intercepted, it costs between 1 and 3 million dollars each time. You have to multiply that by all the missiles that are fired”, continues Bethsabée Salem. The significant mobilization of reservists also comes at a high cost.

For Israel, the economic cost of wars is significant. “The pressure is very heavy. Just before the war, the Israeli economy had just stabilized”, concludes the correspondent, present in Tel Aviv.

Baptiste MARIN