The Defense Ministry hosted a special discussion about the defense budget in Tel Aviv today.

Members of the Knesset's Finance Committee, Foreign Affairs and Security Committee and Defense Minister Binyamin Ben Eliezer took part.

The MKs unanimously agreed that the government should immediately assent to the demand for an increase of over $1 billion in the defense budget.

The MKs spoke of the new challenges Israel faces following the escalation of violence in the West Bank and Gaza, and based on predictions that these incidents will escalate further.

Speaking for the treasury's budget department, Ohad Marani said that while defense is important and the Finance Ministry understands the pressures, the government and Knesset have to determine whether the situation is the kind of emergency that necessitates changing budget priorities.

Marani said that the newly appointed ministers are demanding budget increases that come to billions of shekels. But, he noted, the resources are limited and the economy is slowing.

Marani's deputy for the defense budget, Koby Haber, said the Israel defense force will also be forced to adjust to budget realities.