But everyone has such budgets, so you could easily argue there's an attempt to revise history in both directions. And I can assure you the sum of the Chinese, Russian, Iranian and gulf budgets far surpass that of Israel's.
https://www.timesofisrael.com/israel-just-quintupled-its-pr-...
Not sure if Russia, China and the others you mention spend more (totalled) than $730M?