Netanyahu, Defence Minister Moshe Yaalon and Finance Minister Yair Lapid are seeking cuts of two per cent from every government ministry - other than defence - to raise about 2 billion shekels (USD 561 million, 425 million euros).
According to documents released by the cabinet office ahead of today's weekly meeting, the biggest proposed cut is to the education ministry, which is being asked to give up 480 million shekels.
Welfare and social services are being asked for 62.6 million and health spending is to be trimmed by 43 million.
"From whom will we take? From those who have nothing to put in their children's sandwiches for school?" he said on Israeli army radio.
Netanyahu's own office, which is responsible for the domestic and foreign intelligence agencies, the Atomic Energy Commission and other departments, is to lose 33 million.
The foreign ministry, long bedevilled by dwindling budget allocations and rocked earlier this year by a strike of senior diplomats and a lockout of the foreign minister from his Jerusalem office, needs to trim 11.9 million shekels.
It was to have cut 3 billion shekels from defence spending but after hard lobbying from Yaalon 2.75 billion shekels were reinstated.
Lapid warned at the time that if defence spending were not reined in the axe would fall on health, education and social spending.
Today's cabinet session took place in southern Israel, near the Gaza border, in solidarity with Israelis pounded by thousands of rockets and mortar rounds until Tuesday's truce.
"I hope that this quiet will continue, but we are prepared for any scenario," Netanyahu's office quoted him as telling the meeting.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
