Israel’s security situation going into annual defense budget debates is extraordinarily good, and the military’s proposed multiyear spending plan — dubbed Plan Gideon — aims to keep challenges in check while exploiting opportunities, top civilian and military officials said Monday.

“Our security situation hasn’t been so good for a long time,” retired Maj. Gen. Amos Gilad, director of the Defense Ministry’s political-military and policy bureau, told participants at the 15th annual Herzliya Conference here.

According to Gilad, deterrence is holding along the northern border with Lebanon; forces fighting in Syria are still too distracted to turn their weapons against Israel; and the threat of Syrian chemical weapons has all but disappeared. […]