National Insurance Paid Out ₪80 Billion Since October 7
Translated & summarized from Bizportal by baba
The story in 6 lines · by baba
- National Insurance paid ₪80 billion since October 7.
- Reservists received the largest share, ₪58 billion.
- Over ₪9 billion allocated to victims of hostilities and families.
- Nearly ₪8 billion provided to evacuees.
- 4.2 billion ₪ paid in unemployment benefits.
- Many reservists served over 150 days.
Israel's National Insurance Institute has disbursed approximately 80 billion shekels since the October 7th attacks, covering reservists, victims of hostilities, evacuees, and unemployment benefits. The largest portion, 58 billion shekels, was allocated to reservists, with nearly three-quarters of this amount going to those who served for extended periods. Over 9 billion shekels were provided to victims of hostilities, bereaved families, hostages and their relatives, and close to 8 billion shekels were given to evacuees. An additional 4.2 billion shekels were paid out as unemployment benefits during periods of economic slowdown.
The figures highlight the internal economic impact of the war, showing the shift of workers to military service, families displaced from their homes, and citizens moving from employment to benefits and rehabilitation. The reservist payments have nearly tripled since the initial ten months of the war, with almost half of reservists accumulating over 150 days of service, and a significant portion exceeding 300 days.
Beyond reservists, the National Insurance Institute has registered 87,286 new civilian victims of hostilities since the war began. Of these, over 40,000 have had a disability level determined, with a notable majority experiencing psychological trauma. Over 750 million shekels have been allocated for rehabilitation, a cost expected to continue for years. The institute also reported 1,029 civilian deaths, including 63 children and adolescents, and 1,216 individuals becoming orphans.
Evacuation costs have amounted to nearly 8 billion shekels, including over 5 billion in housing grants for approximately 190,000 residents who opted for independent accommodation. The labor market saw three major waves of unemployment payments, totaling around 4.7 billion shekels for hundreds of thousands of recipients. While some war-related expenses are decreasing, disability, rehabilitation, and bereavement benefits, along with labor market impacts, are ongoing.
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