TOOL · GROSS COST

How much would a basic income cost in Israel?

Calculate the gross annual cost of paying a monthly amount to the country’s adult and child population.

Country

Adult population 7,129,237child population 2,719,763year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

81,496 million

in ILS₪81,495,537,600

Equal to 4.3% of reference GDP

Population covered: 9,849,000 people

Adults: 7,129,237 × ₪800 × 12 = ₪68,440,675,200

Children: 2,719,763 × ₪400 × 12 = ₪13,054,862,400

₪68,440,675,200 + ₪13,054,862,400 = ₪81,495,537,600

Offset benefits, recovered tax, administrative savings and later economic effects are not deducted. This is a gross cost, not a net cost.

Sources and method

Population 2023 · World Bank WDI

GDP 2023 · $513,393,395,492 · World Bank WDI

Currency ILS · exchange rate 3.6674 ILS/USD (2023)

Converted cost $22,221,764,589 for the GDP share.