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"
The Finance Ministry and Defense Ministry are preparing to submit a resolution to transfer an additional NIS 1 billion to the Defense Ministry, according to N12. The proposal, approved by the Ministerial Committee for Defense Procurement on Friday, is driven by the state of emergency Israel is facing, necessitating an urgent and classified procurement response.
The majority of the funds, NIS 850 million, will be sourced from a budget earmarked for technology sector investments in 2026, as part of the Ministry of Economy and Industry's efforts to promote investments and employment. The remaining NIS 150 million will come from pre-allocated budgets from previous government decisions, which have not yet been used this year.
A legal opinion accompanying the proposal underscores the need for urgent approval, stating that without it, the transfer cannot proceed. While the legal opinion notes the potential irregularity of this move in an election period, it concludes that there is no legal impediment to the transfer due to the urgent and security-driven nature of the request.
Written by urgent.news from Jerusalem Post's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
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