Over the past two years, Israel has engaged in extensive military operations across multiple fronts, including aggressive actions in the Gaza Strip and major West Bank cities like Jenin and Nablus. Increasing military expenditures, which rose by 65% to $46.5 billion in 2024, reflect an expansion of military efforts. The Knesset approved a historic defense budget of 109.8 billion shekels in March 2025. U.S. financial backing plays a crucial role in sustaining these military operations, which are viewed by the Israeli government as necessary for national security.
Israel's armed forces have carried out a genocide in the Gaza Strip and expanded military operations across major West Bank urban centers, including Jenin, Tulkarm, and Nablus.
Israel's military spending rose by 65 percent, reaching $46.5 billion in 2024, with military costs making up 8.8 percent of its GDP, the second highest globally.
In March 2025, the Knesset approved the largest defense budget in Israeli history, granting the Defense Ministry 109.8 billion shekels, equal to $29.9 billion.
Finance Minister Bezalel Smotrich stated the budget reflects the narrative of IDF fighters and their families, representing an entire nation going to war.
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