Israel Pays Billions for War Damage Since Oct. 7 Attacks

Israel's Tax Authority has released figures detailing the extensive financial impact of the ongoing conflict, with approximately 38.3 billion shekels paid out to citizens and businesses for damages incurred since the Hamas attacks on October 7, 2023. This comes as the third anniversary of the initial assault approaches.

The compensation fund, managed by the Property Tax Authority, has processed a massive number of claims. Around 168,000 claims were filed for direct physical damage to property and infrastructure, while an additional one million claims were submitted by businesses for economic losses stemming from the security situation.

To date, the state has disbursed about 8.3 billion shekels for direct damages, covering repairs to buildings, vehicles, and other assets affected by hostilities. In some instances, compensation also included lost rental income and temporary housing for displaced individuals.

The largest portion of the funds, approximately 30 billion shekels, was allocated to businesses experiencing indirect economic harm, even if their premises were not physically damaged. Various compensation tracks were established, including nationwide aid, special programs for businesses in severely affected regions and sectors, and specific support for businesses in border communities and along the northern front.

These figures, encompassing claims related to major military operations such as "Swords of Iron," "With the Lions," and "Lion's Roar," underscore the significant economic and property damage sustained by Israel's home front throughout the conflict.