Israel's $48 Billion War Bill Leaves It at Mercy of Bond Markets [View all]

When a team of Israeli technocrats that calls itself the “government’s CFO” scans the battlefield with the war against Hamas almost seven weeks in, it sees an accounting ledger with billions of debits stacking up.

Their job is to find the money to help pay for it all.

As Israel’s military pushed deeper into Gaza with the goal of uprooting Hamas following its Oct. 7 attack, the Finance Ministry’s accountant general department was fine-tuning forecasts and updating the government’s running tab in real time by logging the costs of every missile interceptor, every flight and every day of deployment by reservists.

…

Israel will likely be on the hook for two-thirds of the total costs, Leader said, with the US paying for the rest.

https://archive.is/gULCY

https://www.bloomberg.com/news/articles/2023-11-23/meet-israeli-government-s-cfo-managing-the-fiscal-shock-of-the-gaza-war?embedded-checkout=true