Israel's New Budget Strengthens Netanyahu Amid Gaza Conflict

Israel’s Parliament has approved a $206 billion budget that boosts military funding and fortifies Prime Minister Netanyahu’s political position amidst ongoing tensions in Gaza and public protests over hostage negotiations.

Israel’s Parliament has delivered a significant political victory to Prime Minister Benjamin Netanyahu by approving a sweeping $206 billion budget that emphasizes military spending amid ongoing conflict with Gaza. The budget won approval with a comfortable margin of 66 to 52 votes, providing Netanyahu with a stronger hold on power after facing considerable public and political backlash over issues including Israeli hostages, legal challenges, and internal opposition.

This budget approval comes with broad repercussions for both political stability and financial strategy. Had it been rejected by the stipulated deadline, it would have automatically dissolved Parliament, forcing elections earlier than anticipated—potentially jeopardizing Netanyahu’s coalition of right-wing parties. Current polls indicate that such an election could result in a loss for Netanyahu.

The new budget’s focus on military expenses underscores Israel's intention to maintain a war footing in the foreseeable future. This presents Netanyahu with ample freedom to dictate governmental priorities in dealing with both domestic policy and the ongoing situation in Gaza. Analysts suggest that this could lead to harsher right-wing measures or a reevaluation of strategies, such as seeking a normalization agreement with Saudi Arabia.

Despite the political backing, the budget has sparked intense protests from demonstrators who are urging the government to expedite efforts in negotiating the release of hostages held by Hamas. With discussions to renew a cease-fire seemingly stalled, concerns are mounting among Israelis regarding the safety of those still captured in Gaza, especially as government signals indicate a renewed military offensive. The political landscape remains tense as the country grapples with its future direction amidst these pressing issues.