Post-War Economy: Tax Hikes or Civilian Spending Cuts
The massive military upheavals of recent years have presented the Israeli financial system with a colossal bill that the country will have to pay off over a long period of time. Analysts at The Wall…
Assessment
Israel faces a staggering 405 billion shekel war bill through 2026, according to a Wall Street Journal estimate that surpasses the central bank's earlier figures. The tab includes the recent Iran conflict, adding pressure on a financial system already strained by reserve call-ups and logistics disruptions. The question now is whether the government will raise taxes or slash civilian spending to cover the cost.