Israeli Cabinet Approves $2.8 Billion Budget for Potential Strike against Iran

The Israeli army conducted exercises in the Golan Heights on Feb. 15 (AFP)
The Israeli army conducted exercises in the Golan Heights on Feb. 15 (AFP)
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Israeli Cabinet Approves $2.8 Billion Budget for Potential Strike against Iran

The Israeli army conducted exercises in the Golan Heights on Feb. 15 (AFP)
The Israeli army conducted exercises in the Golan Heights on Feb. 15 (AFP)

The Israeli government approved a multiyear draft general budget, to include an increase by around USD2.8 billion for a potential strike against Iran, following 36 hours of deliberations.

Prime Minister Benjamin Netanyahu boasted of approving the budget, saying that an agreement was reached on a multi-year plan for the security services and the army.

He pointed to the importance of the agreement, which he said was made unanimously with Defense Minister Yoav Gallant and Finance Minister Bezalel Smotrich, “with a little help on my part.”

Netanyahu explained that the budget would bring about a change in the course of military service, and in rewarding soldiers for service. He said that it would provide the appropriate financial reward for soldiers and officers, while shortening the period of service in order to reduce the period of engagement in the labor market, which he said constituted a tremendous change for Israel’s security and for the Israeli economy.

The budget approval comes two days after Ted Colbert, president and CEO of Boeing Defense, Space & Security, announced in Tel Aviv that Israel had requested the purchase of 50 F-15EX aircraft, and the modernization of all F-15 fighters.

Israel is planning to ask the US to sell its new 5,000 pound GBU-72 bomb to the Israeli army. The bomb weighs 5,000 pounds and can be used to strike underground Iranian nuclear sites.

The Israeli army had obtained USD1.5 billion in the 2021 budget to purchase weapons for the possible war with Iran. This year, it requested an additional USD3 billion, of which it obtained USD2.8 billion.



Trump Team Says Israel-Hezbollah Ceasefire Deal Brokered by Biden Is Actually Trump’s Win

Former US President Republican presidential candidate Donald Trump arrives at a campaign rally in Traverse City, Michigan on October 25, 2024. (AFP)
Former US President Republican presidential candidate Donald Trump arrives at a campaign rally in Traverse City, Michigan on October 25, 2024. (AFP)
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Trump Team Says Israel-Hezbollah Ceasefire Deal Brokered by Biden Is Actually Trump’s Win

Former US President Republican presidential candidate Donald Trump arrives at a campaign rally in Traverse City, Michigan on October 25, 2024. (AFP)
Former US President Republican presidential candidate Donald Trump arrives at a campaign rally in Traverse City, Michigan on October 25, 2024. (AFP)

The Biden administration kept President-elect Donald Trump's incoming administration closely apprised of its efforts to broker the ceasefire deal between Israel and Hezbollah that took effect early Wednesday, according to the outgoing Democratic administration.

Trump’s team, meanwhile, was quick to spike the football and claim credit for the rare spot of good news for a Democratic administration that's been dragged down by the grinding Mideast conflict.

"Everyone is coming to the table because of President Trump," Florida Rep. Mike Waltz, Trump’s choice for his national security adviser, said in a post on X on Tuesday, shortly before the Israel Cabinet signed off on the agreement. "His resounding victory sent a clear message to the rest of the world that chaos won’t be tolerated. I’m glad to see concrete steps towards de-escalation in the Middle East."

The Biden administration's reported coordination with Trump's team on its efforts to forge the ceasefire in Lebanon is perhaps the highest-profile example of cooperation in what's been a sometimes choppy transition period.

Trump's transition team just Tuesday reached a required agreement with President Joe Biden’s White House that will allow transition staff to coordinate with the existing federal workforce before Trump takes office on Jan. 20. There has been some coordination on high levels between the outgoing Biden and incoming Trump teams, including talks between Biden's national security adviser Jake Sullivan and Waltz.

Biden in Rose Garden remarks on Tuesday cheered the ceasefire agreement as a critical step that he hoped could be the catalyst for a broader peace in the Mideast, which has been shaken by nearly 14 months of war following Hamas’ attack on Israel on Oct. 7, 2023.

"This is designed to be a permanent cessation of hostilities," Biden said. "What is left of Hezbollah and other terrorist organizations will not be allowed — I emphasize, will not be allowed — to threaten the security of Israel again."

White House officials are now hopeful that a calm in Lebanon will reinvigorate a multi-country effort at finding an endgame to the devastating war in Gaza, where Hamas is still holding dozens of hostages and the conflict is more intractable.

Biden said the US, as well as Israel, will engage in talks in the coming days with officials from Egypt, Qatar and Türkiye to try to get Gaza talks back on track.

But during Biden's moment of success in a conflict that has roiled his reputation at home and abroad, the specter of the incoming Trump administration loomed large.

Trump’s senior national security team was briefed by the Biden administration as negotiations unfolded and finally came to a conclusion on Tuesday, according to a senior Biden administration official. The official, who briefed reporters on the condition of anonymity on a call organized by the White House, added that the incoming Trump administration officials were not directly involved in the talks, but that it was important that they knew "what we were negotiating and what the commitments were."

Trump's team and allies, meanwhile, said there was no doubt that the prospect of the Republican president returning to power pushed both sides to get the agreement done.

Waltz, in addition to giving Trump credit for the ceasefire deal coming together, added a warning to Iran, Hezbollah's chief financial backer.

"But let’s be clear: The Iran Regime is the root cause of the chaos & terror that has been unleashed across the region. We will not tolerate the status quo of their support for terrorism," Waltz said in his post.

Sen. Lindsey Graham, a Trump ally, also gave a shoutout to the incoming administration, while giving a nod to Biden's team.

"I appreciate the hard work of the Biden Administration, supported by President Trump, to make this ceasefire a reality," Graham said in a statement.

Richard Goldberg, a senior adviser at the Washington group Foundation for the Defense of Democracies, said the moment magnifies that Iran — which he said would have needed to approve of Hezbollah agreeing to the ceasefire — is carefully weighing what lays ahead with Trump.

"There’s zero doubt that Iran is pulling back to regroup ahead of Trump coming into office," said Goldberg, a National Security Council official in Trump's first administration. "It’s a combination of Israeli military success and Trump’s election — the ayatollah has no clothes and he knows we know."