Israel will fund defence but guard budget, credit rating - PM


  • World
  • Friday, 12 Sep 2014

JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu said on Thursday he would increase the defence budget to meet growing threats but not let the country's credit rating drop one notch through any excessive spending.

Netanyahu is under pressure from the Defence Ministry to increase allocations sharply to help pay for the 50-day war with Hamas in Gaza and confront Islamist militants.

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