Monday, February 13, 2012

Israel's Military Hit With Budget Cuts And Cash Shortfalls

Iron Dome in action (Photo: Shaul Golan)

IDF To Ground Warplanes, Freeze Iron Dome Production Over Budget Woes -- Haaretz

Military officials say army missing NIS 3.7 billion from promised budget; top officer: measures could severely damage Israel's preparedness for war.

The Israel Air Force may stop the production of the Iron Dome and David Sling missile interception systems in 2012 as a result of insufficient funds, a military budget breakdown revealed on Sunday.

Last month, the government backtracked on its intention to cut NIS 3 billion from the defense budget, meant to pay for social benefits in the wake of last summer's wave of protests according to the recommendations of the Trajtenberg committee.

Read more ....

More News On Israel's Defense Budget Woes

Report: Israeli military strapped for cash -- UPI
Israeli Army Faces Huge Funding Gap: Officials -- CRI English/Xinhuanet
IDF to fire 700 career personnel due to budget cuts -- Jerusalem Post
IDF suspends Iron Dome deals -- Ynet News
Summer protests at fault for defense budget cuts -- Jerusalem Post

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