Outgoing prime minister Ehud Olmert has ordered to allocate NIS 2.4 billion to the defense establishment following the Israel Defense Forces offensive in the Gaza Strip, Israel Radio reported Monday.
The Finance Ministry had initially agreed to allocate NIS 1.4 billion to the defense budget but Olmert on Monday raised the sum by NIS 1 billion, according to the report.
The defense establishment would allot NIS 800 million of its own budget to rehabilitating the IDF in wake of the Gaza operation.
Officials from the bureau of Defense Minister Ehud Barak told Israel Radio that the increase in defense budget would go towards re-equipping the army. This would entail funneling more money to the Israel defense industry.
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