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Basic income cost calculator

What would a basic income cost in Israel?

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Total cost per year

40.1 billion Israeli new shekels

about 11.6 billion US dollars

10.1 million people × 330 Israeli new shekels a month × 12 months

Compared with

  • Government expense (central) (2023)5.1%
  • Government revenue (central, excl. grants) (2024)6%
  • Tax revenue (central government) (2024)8.2%
  • GDP (nominal) (2025)1.9%
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Israel in numbers

Israel has a population of 10.1 million (2025) and a GDP of 2.11 trillion Israeli new shekels (about 611 billion US dollars) in 2025.

Paying everyone 330 Israeli new shekels a month would cost 40.1 billion Israeli new shekels a year (about 11.6 billion US dollars), or 1.9% of GDP. That equals 5.1% of central government expense (2023), 6% of its revenue (2024), and 8.2% of its tax revenue (2024).

Children only (under 18: 3.05 million) would cost 12.1 billion Israeli new shekels a year (0.57% of GDP); adults only (18 and over: 7.07 million), 28 billion Israeli new shekels (1.3%).

Default amount: 330 Israeli new shekels a month is the World Bank's international poverty line of $3.00 a day (2021 PPP), converted into Israeli new shekels with the World Bank's PPP conversion factor for household consumption (2025) and rounded to two significant figures. It is a reference point, not a policy proposal; change it above.

How to read this

This is the gross cost: the total paid out. The real net cost depends on which taxes fund it, which benefits or tax breaks it replaces and whether the payment is taxed. The population, budget and GDP figures are not all from the same year (see the sources).

Sources for the figures

Population
World Bank: population, total (SP.POP.TOTL), and population by single year of age 0 to 17 (SP.POP.AG00.FE.IN … SP.POP.AG17.MA.IN), 2025
SP.POP.AG00.FE.IN … SP.POP.AG17.MA.IN
GDP
World Bank: GDP in current local currency (NY.GDP.MKTP.CN) and in current US dollars (NY.GDP.MKTP.CD), 2025
Government expense and tax revenue
World Bank: central government expense, revenue excluding grants and tax revenue, % of GDP (GC.XPN.TOTL.GD.ZS, GC.REV.XGRT.GD.ZS, GC.TAX.TOTL.GD.ZS), 2023, 2024
Default amount
World Bank: international poverty line of $3.00 a day (2021 PPP), June 2025 update
World Bank: PPP conversion factor, household final consumption (PA.NUS.PRVT.PP), 2025
Retrieved from the World Bank API on November 9, 2026 (CC BY 4.0). Government figures are central government, as a share of GDP in their own year, applied to the latest GDP.

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