Ynet reports that while there are no concrete or finalized plans that the Israeli government released, there is a new security model that Israeli Prime Minister Netanyahu is looking into.
Netanyahu demoed the new security plan proposal to his Security Cabinet, in a meeting Wednesday, August 15th, 2018, recommending an increase in financial resources for the project. Because of anticipated security risks, in the future, Netanyahu, whose project is labeled as “Security model 2030”, will be increasing investment in the security budget from 0.2-0.3% of the Gross National Product (GNP). The aggregate investment is said to be worth billions more than it already is.
The design of the plan is meant to cover the cost for all protective authoritative bodies in the security and defense environments, such as the IDF and the Mossad. All current defense expenditures cost somewhere in the range of 6% of GNP.
The increased budget on defense spending will most likely be invested in cyber warfare, reinforcing ground troop mobilization, improving and finishing the construction of security fences and upgrading anti-missile defenses.
The Israeli Prime Minister comments, “The combination of our security and economic strengths will increase Israel’s status as an asset in the eyes of other countries and thereby increase our diplomatic strength.”
As the GNP approaches half a trillion dollars, there will be another reevaluation for the budget allocation on security.
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