Monday, September 26, 2011

Netanyahu to institute significant cuts to Israel's defense budget

Defense spending will be cut by several billion shekels annually to pay for increased social welfare spending • Move will be formally announced on Monday by Trajtenberg Committee • Army sources warn cuts could jeopardize Israel's security. 
Shlomo Cesana, Lilach Shoval and Israel Hayom Staff
Cuts could mean less training, which proved a major problem in 2006 Second Lebanon War.
 Photo credit: Ziv Koren
In a last ditch attempt to prevent the cuts, Chief of General Staff Lt. Gen. Benny Gantz met with Netanyahu on the eve of his departure for New York last week. Netanyahu, however, refused to reconsider the move.