Full coverage· Politics· Updated
Israeli Election Day Costs Estimated at $3.5 Billion, With Lost Productivity as Main Driver
Israel's election day for the 26th Knesset cost an estimated 3.5 billion shekels, primarily due to a 2.54 billion shekel loss in economic productivity from the national holiday. The Central Elections Committee budget is 690 million shekels, with parties receiving around 250 million shekels in funding.
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What happened
- 01Israel's election day cost an estimated 3.5 billion shekels, with lost productivity being the main expense.
- 02The national holiday declared for election day resulted in an economic loss of 2.54 billion shekels.
- 03The Central Elections Committee's budget for the election is 690 million shekels.
- 04Political parties are expected to receive approximately 250 million shekels in state funding.
- 05Only Israel and South Korea among OECD nations offer a mid-week election day holiday.
Unlike most OECD nations, Israel and South Korea provide a mid-week election day holiday, which the Israel Democracy Institute deems beneficial for civic participation.
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