The economic toll of Israel’s ongoing war on Gaza reached approximately $67.57 billion by the end of 2024, according to a report cited by Anadolu Agency.
Israeli business newspaper Calcalist released the figure on Friday that reflects estimates by the Bank of Israel and includes direct military expenses, civilian expenditures, and revenue losses, but not the full extent of financial repercussions.
The report described the costs as a “heavy burden” and criticised the “failure” of the war effort, highlighting the need for substantial increases in Israel’s defense budget over the next decade.
The budgetary strain has sparked discussions within Israel, particularly on the reallocation of revenue from natural gas resources in the Mediterranean, which were originally intended for health care and education but now appears to be earmarked for defense spending.
