Costs of Israel's war in Gaza surpass $67 billion

The figure, which includes direct military costs, civilian expenses, and revenue losses but does not fully account for the financial impact, was published on Friday by the Israeli business newspaper Calcalist. It is based on estimates from the Bank of Israel.

The report criticized the war effort's "failure" and called the costs a "heavy burden," emphasizing the necessity of significant increases in Israel's defense budget over the ensuing ten years.

The report also mentioned a recent recommendation from the Nagel Committee, which suggested an additional 275 billion shekels ($74 billion) for defense over the next decade with annual increases of 27.5 billion shekels ($7 billion).

The committee proposed bolstering Israel’s multi-layered air defense systems, including the Iron Dome and newly operational laser systems alongside fortifying the Jordan Valley border with a heavily secured barrier.