Next year’s defense budget will be about 60.5 billion shekels ($15.6 million), according to a decision reached Sunday by Defense Minister Moshe Ya’alon and Finance Minister Moshe Kahlon, and approved by a Knesset defense committee.

The official budget will be less, 56.1 billion shekels, but the two ministers have already agreed on an extra 4.4 billion shekels in funding the defense establishment will receive in 2016.

The defense budget committee, headed by MK Tzachi Hanegbi (Likud), approved the budget by 8 votes to 4.

A good atmosphere has reportedly prevailed in the talks between the Finance Ministry, Defense Ministry and Israel Defense Forces this year, and in recent days both sides made major efforts to present the budget deal as a historic breakthrough. However, it seems the changes are less dramatic than the two ministries made them out to be.[…]