Israel Finance Ministry: War Costs Economy $2.9 Billion a Week

Israel’s Finance Ministry said the country’s economy is losing more than 9 billion shekels per week (about $2.93 billion) due to the ongoing war with Iran, as disruptions to business activity and public services weigh heavily on economic output.

According to the economic newspaper TheMarker, the ministry has urged the Home Front Command to ease restrictions imposed on commercial activity. The current emergency measures limit movement to workplaces and have led to widespread school closures across parts of the country.

Officials warn that the continuation of these restrictions is significantly intensifying the economic toll of the conflict.

Estimates from the ministry’s Chief Economist Department indicate that Israel’s economy is losing around 8 billion shekels weekly due to the slowdown or suspension of business operations.

An additional 900 million shekels in losses are attributed to the closure of schools, which has disrupted work routines and productivity.

Furthermore, the mobilization of additional reserve soldiers has created further economic strain, with losses estimated at about 500 million shekels per week.

The figures highlight the mounting financial pressure on Israel’s economy as the conflict continues, raising concerns about the long-term impact of prolonged military operations and emergency restrictions.