The sum comprises 29 billion USD of defense expenditures while damage compensation and other civilian expenditures make up the rest. Loss of tax revenue is estimated at 9 billion USD.
Israel's GDP is expected to grow 2% in 2023 and 2024. Due to the expected high expenses and the sharp decrease in tax collection, the bank projected that the government's debt would rise from 60.5% of GDP in 2022 to 63% in 2023 and 66% by the end of 2024.