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“If the Defense Ministry demand for an additional NIS 30 billion in 2007 to 2010 is accepted, Israel will return to the ‘Lost Decade,” - 1974-85 after the Yom Kippur War, when defense budgets dwarfed civil budgets and hyperinflation ran in triple digits, the official said yesterday.
“The government economist claims the demands are extravagant and would push Israel 20 to 30 years back economically, including a sharp drop in the standard of living.”
“The economist believes it is time for a civilian review of the tremendous defense spending in recent years, calling it inconceivable that with such large budgets, soldiers and reservists serving in Lebanon faced shortages of equipment, supplies, food and beverages.”
Continue reading ‘Israeli Expert: Defense budget demands could set back standard of living 20 years’
