Israel Pays Billions in War Damage Claims Since October 7

Israel's Tax Authority has released comprehensive data on the Compensation Fund's activities, marking three years since the October 7th Hamas attack. Since the outbreak of hostilities, the fund has paid out approximately 8.3 billion shekels for direct damages to buildings, vehicles, property, and infrastructure. This includes compensation for lost rental income and temporary housing for evacuees. A total of around 168,000 claims for direct damages were filed.

In addition to direct damages, the fund has also disbursed a substantial 30 billion shekels to businesses for indirect economic losses, such as lost profits, stemming from the security situation. These payments were made through a nationwide program, with special tracks for heavily impacted sectors and regions, and a specific program for communities near the Gaza border and the northern confrontation line. Businesses directly affected by Operation "Iron Swords" also received compensation for indirect damages. Approximately one million claims for indirect damages were submitted.

The Compensation Fund, also known as Property Tax, has been instrumental in supporting citizens and businesses affected by the ongoing conflict, which has involved major military operations including "Swords of Iron," "With the Lion," and "Lion's Roar." The fund's efforts aim to maintain the resilience of the home front and ensure the stability of the Israeli economy.