Israel faces a state revenue deficit of 33 billion shekels ($8.9 billion) due to the Gaza war. The Israeli government launched a package of measures, including raising taxes and increasing utilities, to fill the gap.
Analysts attribute this shortage to the expected decline in corporate and real estate tax revenues. The percentage of losses in some sectors of the Israeli economy reached 80%, especially the tourism sector. Israel is suffering continuous losses as a result of the aggression it launches against the Gaza Strip.