Israel’s national debt rose by NIS 202 billion in 2024 to NIS 1.33 trillion, according to the annual debt report published today by the Ministry of Finance’s accountant general.

The 17.9% jump in the national debt is attributed to the needs in financing the war conducted throughout 2024. The accountant general Yali Rothenberg raised a huge NIS 278 billion in debt during 2024 compared with NIS 160 billion in 2023.

As a result of the extensive debt raising and low GDP growth of just 1%, the debt-GDP ratio jumped 6.4% to 67.9% at the end of 2024 from 61.5% at the end of 2023.

Published by Globes, Israel business news – en.globes.co.il – on June 9, 2025.

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