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No Israeli defense budget cut over Egypt developments: Media
MAHMOUD MOHEE BISHOY RAMZY REYAD Published in Youm7 on 05 - 12 - 2011

Israeli government high-profile officials revealed Israeli Prime Minister Benjamin Netanyahu will cancel his decision to reduce three billion Shekels (U.S. $805 million) Israel's Ministry of Defense budget of 2012 due to the recent developments in Egypt and the Arab region.
Israeli newspaper Haartez said Israel's Ministry of Finance expressed anger over Netanyahu's intention. Ministry officials attributed Netanyahu's trend to his anxiety over the current development in Egypt.
The Israeli newspaper highlighted reducing the Ministry of Defense budget aims to achieve reform in economic and social scene in Israel, while the decision was strongly opposed by Israel's Minister of Defense and other military officials in the institution in Israel.
"We support transparency and hope to implement such a principle in the Ministry of Finance," said Israeli Minister of Defense Ehud Barrack.
It is important to mention Netanyahu held a number of meetings with the ministers of finance and defense and their officials to discuss the issue and to resolve the crisis.

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