Sunday, July 14, 2024

The war cost Israel $60 billion


Israeli newspaper Yedioth Ahronoth reported yesterday that the Israeli military has failed to achieve the goals of its war on Gaza despite entering its fourth month amid a huge economic cost that reached 217 billion shekels ($59.35 billion).

The newspaper said, “The military's stated goal, which has not yet succeeded, is to remove senior Hamas officials.” The report touched on the economic cost of the war, and according to updated figures, the cost of the war has already risen to about 217 billion shekels ($59.35 billion). The cost includes both the military's war budget and broader aid to the economy in all areas.

The report indicated that the Israeli military's wartime expenditure last October was one billion shekels ($270.35 million), including the recruitment of 360,000 reserve soldiers at the start of the war.

He continued: “Due to the massive mobilization of tens of thousands of soldiers in recent days, it is currently costing 600 million shekels ($164.11 million) a day.” Israel was paying 300 shekels ($82) a day until the end of 2024, he said, adding that “these payments alone have so far reached nine billion shekels ($2.46 billion).”

At the civil level, compensation is already in the tens of billions of shekels, and the government is expected to pay about 10 billion shekels ($2.74 billion) to companies affected by operational cycles in the first three months of this year.

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Rolf Colon
Rolf Colon
"Creator. Award-winning problem solver. Music evangelist. Incurable introvert."

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