RT - Israeli PM Benjamin Netanyahu plans to shift funds designated for civilian purposes to military spending to counter any threats from Iran, a government official said on Tuesday.

Netanyahu, in a speech on Monday, did not specify how much would be transferred but said it needed to happen �now,� Reuters reports.

The official made clear that no such redesignation was imminent, adding that until a 2020 budget is passed, no changes can be made to expenditure.

It is still unclear whether Netanyahu or his political rival Benny Gantz will form a new government or if a new poll will be needed after inconclusive elections in April and last month.