Construction in the settlement of Ma’ale Adumim, 2011. (Photo: AP)
Today Haaretz reported settlement spending has skyrocketed by 38% since 2010, reaching a two-decade high of NIS 1.1 billion. Historically this level of funding was surpassed only once in 1993 during the post-Oslo boom in Israeli control over the West Bank.
The government spent NIS 1.1 billion on West Bank settlements last year, and could save at least that much if it were to make its spending proportionate to the number of Israelis who live in the settlements, according to two different reports made public this week.
Last year’s government spending on the settlements represents a 38 percent rise over that of 2010. But it is significantly lower than the peak of NIS 2.5 billion (in real terms ) in 1993, when the funds were geared toward infrastructure changes required by the Oslo Accords, according to Central Bureau of Statistics findings reported on Monday by Israeli business newspaper Calcalist.
Read the full article here.