Perils of boom and bust: Can Israel re-strategize its defense spending? - opinion
Israel’s defense spending as a portion of GDP was second-greatest in the world, second only to Ukraine. Israel spent $46.5 billion on defense in 2024, of which $5.7 billion in December alone
Prime Minister Benjamin Netanyahu visits the Rafael Advanced Defense Systems factory, November 2023(photo credit: HAIM ZACH/GPO)BySHLOMO MAITALUpdated: