Israel’s parliamentary election campaign is in full swing, with politicians talking up their ability to defeat the country’s opponents across the region.
But the focus on war and the perceived existential threat to Israel from those opponents masks that few of the most prominent contenders in October’s election are discussing the astronomical cost of the country’s multiple conflicts, and how they plan to deal with it.
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Israel’s central bank estimated in its 2025 report that 350bn shekels ($118bn) had been spent on wars in Gaza, Lebanon, Syria and elsewhere between 2023 and 2026, excluding the
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