Prime Minister Benjamin Netanyahu on Wednesday ‎presented the cabinet with his new security doctrine ‎for Israel, which entails increasing defense spending by ‎billions of shekels. ‎

The “2030 security concept,” which has been in the works for two years, covers issues ‎such as the regional threats Israel is likely to ‎face in the coming decade, the necessary military ‎buildup, and updated defense and security ‎principles. It addresses bolstering Israel’s offensive and cyber ‎capabilities, upgrading missile ‎defenses, continued reinforcement of the home‎front, and the completion of all security fences.‎

The Prime Minister’s Office said the full ‎document is classified. Netanyahu will soon present ‎it to the Knesset Subcommittee on Intelligence ‎Affairs and Secret Services, the IDF General Staff, ‎the Mossad and the Shin Bet security agency.‎

Israel’s longstanding defense doctrine has not been ‎revised in years, and Netanyahu formulated the outline ‎after lengthy consultations with top former and current defense ‎officials.

The plan will demand an increase to defense ‎spending in the coming decade, Netanyahu said. ‎

According to the plan, the military will continue ‎its streamlining process but the budget for Israel’s intelligence agencies will ‎increase by 0.2-0.3 percent to reach 6 percent of gross ‎national product.‎

The outline stipulates that the additional ‎funds, estimated at 3 billion to 4 billion shekels ‎‎($815 million-$1 billion) per year, will be channeled ‎to the Shin Bet and the Mossad. ‎

Once Israel’s GNP reaches $500 billion, the ratio of defense spending ‎will be re-examined.‎ GNP reached $347.8 ‎billion in 2017.

The overall increase in defense spending over the ‎‎next decade is expected to reach NIS 100 billion ‎‎‎($27 billion). ‎

The budgetary implications, which are not ‎classified, will soon be ‎submitted for cabinet ‎approval, the Prime Minister’s Office said on its ‎website.‎

‎”Due to our small area, the population concentration ‎and the numerous threats around us, Israel will ‎always have security needs that are much greater ‎than any other state of similar size,” Netanyahu ‎said Wednesday.‎

‎”Today, the Israeli economy is strong enough to ‎allow for this increase and in any case this ‎increase will be enacted while maintaining a ‎responsible budgetary framework.‎

“In the last 20 years, we ‎have cultivated a free economy in order to serve ‎national needs, especially security. Faced with ‎accumulated threats, we are at a turning point. ‎Today we are called upon to invest more in security ‎in order to defend our achievements and ensure ‎continued economic growth. ‎

‎”The combination of our security and economic ‎strengths will increase Israel’s status as an asset ‎in the eyes of other countries and thereby increase ‎our diplomatic strength,” Netanyahu said.

A source in the Finance Ministry said the government “has yet to find the budgetary sources to support the ‎financial aspects of the defense doctrine. It was ‎agreed at the cabinet meeting that in the next ‎meeting the Finance Ministry will present the ‎implications of this move and its potential impact ‎on social budgets.” ‎ ‏ ‏