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Israeli treasury loses 420 billion shekels
The cost of the war launched by Israel since October 2023 has so far reached approximately 420 billion shekels (135.3 billion dollars), and it is expected to rise to half a trillion shekels, continuing to impact the Israeli economy for years to come. Despite the massive military spending, this has not ensured sufficient security, as the war has caused a rise in public debt by 400 billion shekels, with the ongoing need to fund hundreds of billions in expenditures in the coming years—especially given the over-reliance on reserve forces and shortcomings in military preparedness. Israel is expected to spend around 1.5 trillion shekels on security over the next decade, with plans to reduce U.S. aid and increase taxes, raising questions about the sustainability of the country’s economic and security situation.
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