War in Israel cost $142 billion
Israeli authorities have revealed that the ongoing war, which has lasted for nearly three years and especially intensified after the October 7, 2023 events, has cost the country over $142 billion, with projections indicating that the bill could soon reach $170 billion. This substantial expenditure has led to an increase in public debt by approximately $135 billion, amidst plans to spend around 1.5 trillion shekels on defense over the next decade to address ongoing security challenges. Questions are being raised about the effectiveness of this level of spending and whether similar security results could be achieved at lower costs, particularly given the decline in American security assistance amounting to $3.8 billion annually. Israel is also facing growing financial pressure due to rising taxes and increased defense expenditures, which threaten the future of its economy and raise questions about who will bear the burden of this significant financial strain.
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