ISRAEL
War Spending Soars, Debt Climbs to 69% of GDP
Israel spent $28B on conflicts with Hamas and Lebanon in 2024, pushing debt-to-GDP from 61.3% (2023) to 69%.
Government debt reached 1.33T shekels, with $8B raised in record global bond sales.
Budget deficit hit 6.9%, highest since COVID-19, as credit ratings were downgraded.
Finance officials call for urgent fiscal discipline, citing economic resilience amid war challenges.