Story perspectives

War cost hits NIS 350B as debt nears 70%

By Drooid · Oct 1, 2026, 6:18 AM UTC · How we work

Summary

Story summary

Incoming finance minister will inherit NIS 350 billion war-related fiscal costs and a debt ratio near 70% of GDP.
Bank of Israel estimates the war’s fiscal cost from 2023-2026 at NIS 350 billion, about half financed by borrowing.
Public debt rose to 68.5% of GDP by end-2025, up from 60.5% in early 2023.
2025 government deficit reached 4.7% of GDP, and the IMF said defense spending hit about 8% of GDP.
Calcalist commentator Adrian Filut warned the next government has little fiscal room, noting a 70% debt ratio raises risk.

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Story summary

Incoming finance minister will inherit NIS 350 billion war-related fiscal costs and a debt ratio near 70% of GDP.
Bank of Israel estimates the war’s fiscal cost from 2023-2026 at NIS 350 billion, about half financed by borrowing.
Public debt rose to 68.5% of GDP by end-2025, up from 60.5% in early 2023.
2025 government deficit reached 4.7% of GDP, and the IMF said defense spending hit about 8% of GDP.
Calcalist commentator Adrian Filut warned the next government has little fiscal room, noting a 70% debt ratio raises risk.