Israel's State Finances Revealed: Assets Top 2 Trillion Shekels

Israel's Ministry of Finance has released its consolidated financial statements for 2025, offering a transparent overview of the state's financial activities, assets, and liabilities. The reports consolidate data from 209 entities, including government ministries, state authorities, government companies, and statutory corporations.

The state's total assets are valued at approximately 2.167 trillion shekels, with state lands accounting for about 1.138 trillion shekels. Fixed assets and intangible assets are estimated at 602 billion shekels, and investments in public-private partnership projects stand at 53 billion shekels.

Total state liabilities amount to roughly 3.903 trillion shekels. This includes domestic and foreign loans totaling 1.464 trillion shekels, National Insurance Institute liabilities to policyholders at 1.286 trillion shekels, and employee benefit obligations of 759 billion shekels.

The financial statements also detail the impact of the "Swords of Iron" war, noting measures taken to fund combat expenses, support for victims of hostilities by the National Insurance Institute, compensation from the Property Tax Fund, and activities by the "Tukuma" and "Tnupha LaTzafon" directorates to assist with housing and ensure economic continuity.

The government's commitment for budgetary pensions in 2025 is 723 billion shekels, an increase from 716 billion shekels last year, primarily due to indexation and interest, offset by pension payments. State land valuations, managed by the Israel Land Authority, are reported at 1.138 trillion shekels, up from 1.133 trillion shekels in the previous year.

Finance Minister Bezalel Smotrich stated that the reports reflect a strong Israeli economy with growing revenues, enabling government investment in growth engines, defense, and citizen welfare. Chief Accountant Michal Abadi-Boiang'o emphasized the importance of controlled fiscal management and increased investment in infrastructure, housing, and technology for maintaining the state's assets and meeting its obligations.