Prime Minister Ehud Olmert this morning, held consultations with Defense Minister Amir Peretz, Finance Minister Avraham Hirchson, and senior security establishment and Finance Ministry officials, on the security budget. 

It was agreed that a joint Finance Ministry-security establishment team would submit a report to Prime Minister Olmert by the end of the week regarding costs of the recent fighting in Lebanon in order to return the amount to the budget. 

A joint National Security Council-Defense Ministry-Finance Ministry team will be set up to formulate budget recommendations for 2007 in order to improve the military's preparedness and readiness to face future challenges.