diff --git a/scripts/validate.sh b/scripts/validate.sh
index e127d5d..54aefef 100755
--- a/scripts/validate.sh
+++ b/scripts/validate.sh
@@ -1,8 +1,22 @@
 #!/usr/bin/env bash
 set -euo pipefail
 
+# Keep this gate aligned with .github/workflows/ci.yml.
 uv run ruff check src tests
 uv run ruff format --check src tests
 uv run mypy src
 uv run pytest
-uv run dbt parse --project-dir dbt --profiles-dir dbt
+
+cp config/ledger.example.yml config/ledger.yml
+uv run python -m ledger.cli --config config/ledger.yml --fixture-dir tests/fixtures
+
+uv run dbt build --project-dir dbt --profiles-dir dbt
+
+if ! command -v terraform >/dev/null 2>&1; then
+  echo "terraform is required for local validation (CI uses 1.9.8)" >&2
+  exit 1
+fi
+
+terraform -chdir=infra/gcp fmt -check -recursive
+terraform -chdir=infra/gcp init -backend=false
+terraform -chdir=infra/gcp validate