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شبكة قدس الإخبارية
Israel's war cost 420 billion shekels
Since October 7, 2023, Israel has launched a large-scale war against the Gaza Strip, costing nearly 420 billion shekels (about $135 billion), with expectations that it will soon rise to half a trillion shekels. This has led to an increase of approximately 400 billion shekels in Israel's public debt and an expected rise in military spending to 1.5 trillion shekels over the next decade, amid concerns over declining U.S. security aid and the sustainability of expenditure. Reports also revealed that the war unexpectedly depleted ammunition stockpiles; however, military leadership has shown greater concern for financial matters at the expense of military readiness, raising taxes to help fund the rising expenses. Tax hikes are expected after the elections amid severe economic and security challenges.
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