Israel's Prime Minister Benjamin Netanyahu attends the weekly cabinet meeting in Jerusalem June 16, 2013 (Photo: Reuters)
Israel's Prime Minister Benjamin Netanyahu on Monday called for an increase in defense spending, after a bloody and costly offensive on Gaza.
"There is no leader who, faced with the threats that are multiplying around us, would not allow or demand a significant increase in the defense budget, to counter security challenges," he said in a statement.
Such an increase would likely involve "several billion" Israeli shekels, Netanyahu said.
Netanyahu and Defense Minister Moshe Yaalon have been fighting for a big hike in defense spending against fierce resistance from Finance Minister Yair Lapid.
Israel waged a 50-day assault in the Gaza Strip during July and August, in an assault that cost more than 2,100 Palestinian lives and 73 on the Israeli side.
The financial cost to Israel of the third and longest Gaza attack in six years is estimated at around three to four billion dollars, experts say.
The defense ministry has demanded a grant for a similar sum to restock on ammunition, including for its Iron Dome defense system.
Israeli media say the treasury wants to limit the sum to $690 million.
If it gives into the financial demands of a powerful military lobby, the government could be forced to cut budgets elsewhere, particularly in education, and to increase taxes, bringing socio-economic pressure on itself.
Defense spending is expected to reach $18 billion this year -- making up some six percent of GDP -- and includes some $3 billion in aid from ally the United States.
*This story was edited by Ahram Online.
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