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Between 2023 and 2026, Israel incurred approximately $133 billion (405 billion shekels) in damages due to the war, according to estimates by the Bank of Israel. A significant portion of these costs are being financed through borrowing, with the national debt expected to rise to around 70% of GDP by 2026-2027. This places pressure on budgets and reduces the capacity to respond to future crises. Additionally, the war has led to a decline in the health and education sectors, with psychiatric emergency visits increasing by 121%, and unprecedented drops in student performance as shown by PISA test results. These issues threaten to result in higher costs in the long run and place a burden on future generations.
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