The Israeli government has reportedly approved a budget of $1.5 billion to strengthen the military against Iranian attacks, local media reported Monday.
Some $900 million from this year’s budget and $600 million from next year’s budget will be spent on military procurement and intelligence gathering.
Tensions between the two countries flared over Iran’s advancements in the nuclear program after the United States withdrew from the Joint Comprehensive Plan of Action (JCPOA) or the Iran nuclear deal in 2015. According to the terms, the U.S. would lift all nuclear-related economic sanctions in exchange to Tehran’s reduction in its nuclear activities.
Israel; Government approves $1.5B special budget against Iranian threats