The Israeli cabinet approved a 2026 budget aimed at maintaining high defense spending resulting from two years of conflict, while seeking to boost the strained economy via concessions to middle-class workers.
Those priorities will be funded by new levies on banksBloomberg Terminal and land owners as well as a 10 billion shekel ($3 billion) windfall from the sale of Israeli founded Wiz to US tech giant Google, according to the proposed budget voted through on Friday.