Israeli War on Gaza will Cost More Than $50 billion Featured

By Gamal Khattab November 06, 2023 3675

---------

Strategic Issues

Israeli newspapers have reported that the war on Gaza is going to be really expensive, costing more than 50 billion dollars! Let's find out more about it.

The Numbers

According to the Israeli economic newspaper Calcalist, the Ministry of Finance estimates that the war against Hamas will reach up to 200 billion shekels, which is equivalent to 51 billion dollars. That's a huge amount of money!

How Did They Calculate It?

Calcalist based their estimate on a few factors:

The war could last from 8 to 12 months, but only in Gaza and without the full participation of other groups like Lebanese Hezbollah, Iran, or Yemen.

They expect about 350,000 Israelis who were recruited into the reserve forces to return to work soon.

Half of the cost, around one billion shekels per day, will be spent on defense. Another 40 to 60 billion shekels will be lost in terms of revenue. Israel will also have to pay around 17 to 20 billion shekels as compensation to companies and 10 to 20 billion shekels for rehabilitation.

The Impact on the Economy

Yedioth Ahronoth, another Israeli newspaper, says that the Ministry of Finance believes the economy will not recover quickly after the war. They predict a major recession by 2024 due to increased spending on defense and security, and a decrease in revenues, compensation, and rehabilitation.

Help for Those Affected

The Finance Minister, Bezalel Smotrich, has promised that the government will provide a larger and broader economic aid package for those affected by the war. Prime Minister Benjamin Netanyahu also stated that the state is committed to helping everyone who needs it, even if it means economic losses for Israel.

The Consequences

The war has already had some consequences for Israel. Standard & Poor's, a rating agency, lowered Israel's rating outlook to negative. Other agencies like Moody's and Fitch are also considering downgrading Israel's ratings. The National Security Research Center in Tel Aviv warns that the war will have a long-term impact on the Israeli economy.

The shekel and stock market have weakened, unemployment rates have risen, and investor confidence in Israeli government bonds has decreased. Although the government has approved an aid package for workers and business owners, it's still uncertain if it will be enough to help everyone affected.

The Numbers Speak

The Israeli Ministry of Labor reported that since the war began, around 46,000 workers have been laid off, and about 760,000 workers, which is 18% of the workforce, are currently unable to work.

JPMorgan Chase, an American bank, predicts that the Israeli economy will shrink by 11% in the last three months of this year due to the escalation of the war.

War is not only devastating in terms of lives lost and destruction, but it also has a heavy economic burden. The war against Hamas is costing Israel billions of dollars, and it's affecting the country's economy in many ways.  

----------------

Sources: Al Jazeera, Israeli press

hacklink al hack forum organik hit erotik film izlemarsbahisEkrem Abi Sitelerdeneme bonusu veren siteleronwin girişopenbook market idMostbet+18 film izlecasinolevantgecelikpijama takımıbetbababetivosultanbet girişbtcbahiscasinomegabetbaba girişdeneme bonusu veren sitelercasino siteleriotobetultrabetvirabetdeneme bonusu veren sitelertümbet girişonline casino30 tl bonus veren sitelerlilibet norgelilibet norgeindia online bettingbest online casino indiaMikiカジノ 評判Mikiカジノオンカジ 入金不要ボーナスzbahisrulet siteleripoker sitelerimariobet girişbahis sitelerikedihttps://thebritishinvapetion.com/collections/vozol-vista-20000casino levantcasinolevantcasinolevantbets10Grandpashabetcrypto casinobitcoin casinosbest online casino canadasports betting ontariocanadian online casinocrypto casinostipobettipobetMariobetbetnanobetting sitesonline bettingonline casinonew online casinoxslotbankobetcasibomzbahisbetpubliconwinPornobets10lk21selcuksportshdcasibom 742 com girişsahabetsahabetsahabetKıbrıs escortAntalya escortcasibomgalabet güncelDeneme bonusu veren sitelergalabet girişxslot girişlevantbet girişlevantbetgetirbet girişgetirbetberlinbet girişberlinbetbetra girişbetracasinoper girişcasinoperpolobet girişpolobettakvimbet giriştakvimbetpashaming giriş pashaming giriş cashwin girişcashwinwestbahis girişwestbahisbetsin girişbetsinlimanbet girişlimanbetİbizabet girişİbizabetcasinofast girişcasinofastslotbon girişslotbonmilyarcom girişmilyarcombahisfair girişbahisfairtimebet giriştimebetrekabet girişrekabetvipslot girişvipslotfattbet girişfattbetbetkare girişbetkarebahisbudur girişbahisbudurteslabahis girişteslabahisbetixir girişbetixiramrabahis girişamrabahisarmabahisolabahis girişolabahisbabilonbet girişbabilonbetcenabet girişcenabetgandom girişgandomgettobet girişgettobetcasiwow girişcasiwowbetsrolex girişbetsrolexbenimbahis girişbenimbahisvirabet girişvirabetcaddebet girişcaddebetcasinobonanza girişcasinobonanzacasiblu girişcasiblubetnano girişbetnanobetrupi girişbetrupibetgar girişbetgarprimebahis girişprimebahiskralbet girişkralbetenbet girişenbetslotbar girişslotbarmrgamb girişmrgambSheratonbet girişSheratonbetmaribet girişmaribetbetvino girişbetvinoolaycasino girişolaycasinotrbet giriştrbetbetloto girişbetlotomaxwin girişmaxwindamabet girişdamabetlevant girişlevantgetirbet girişgetirbetberlinbet girişberlinbetmeritroyalbet girişmeritroyalbetcasinopper girişcasinopperpolobet girişpolobettakvimbet giriştakvimbetcashwin girişcashwinwestbahis girişwestbahisbetsin girişbetsinlimanbet girişlimanbetcasinofast girişcasinofastslotbon girişslotbonmilyarcom girişmilyarcom girişbahisfair girişbahisfairtimebet giriştimebetonwingir girişonwingirvipslot girişvipslotfatbet girişfatbetbetkare girişbetkarebahisbudur girişbahisbudurteslabahis girişteslabahisbetixir girişbetixirarmabahis girişarmabahisolabahis girişolabahisbabilonbet girişbabilonbetcenabet girişcenabetgamdom girişgamdomgettobet girişgettobetcasiwow girişcasiwowbetsrolex girişbetsrolexbenimbahis girişbenimbahisvirabet girişvirabetcaddebet girişcaddebetcasinobonanza girişcasinobonanzabetrupi girişbetrupibetgar girişbetgaribizabet ibizabet Mariotbet Mariotbet Primebahis Primebahis kralbet girişkralbetenbet girişenbetslotbar girişslotbarmrgamb giriş mrgamb giriş sheratonbet girişsheratonbetmaribet giriş maribet giriş betvino girişbetvinoolaycasino girişolaycasinobetsin girişbetsintrbet giriştrbetbetloto girişbetlotomaxwin girişmaxwindamabet girişdamabetolabahis girişolabahisbabilonbet girişbabilonbetcenabet girişcenabetbetwinnerbetwinner girişbetwinner güncel girişbetwinner twitterbizbetbizbet girişbizbet güncel girişbizbet twitterbetkombetkom girişbetkom güncel girişbetkom twitterbetturkeybetturkey girişbetturkey güncel girişbetturkey twitterbetpublicbetpublic girişbetpublic güncel girişbetpublic twitterfixbetfixbet girişfixbet güncel girişfixbet twitteronwinonwin girişonwin güncel girişonwin twittertipobettipobet giriştipobet güncel giriştipobet twitterotobetotobet girişotobet güncel girişotobet twitterromabetromabet girişromabet güncel girişromabet twitterroketbet roketbet roketbet roketbet sahabetsahabet girişsahabet güncel girişsahabet twitterzbahiszbahis girişzbahis güncel girişzbahis twitterxslotxslot girişxslot güncel girişxslot twitterbetmatikbetmatik girişbetmatik güncel girişbetmatik twittermariobet mariobet mariobet mariobet loyalbahisbetmoneyatlantisbahisyorkbetlimrabethiltonbetastrabettingbetclupdengebetbetsofmrcasinobetsoobetlistbetgraynisanbetbetproton plusslot giriş turbobetbahisstar dopingbetmaxroyalbetmaxwinbetparafbetsortibetganobetrulobetbetsunrise betovisenobahisafroditbet giriş betpuanbetpara merirlefkosabetkombobet giriş betcoolforza1x2lizbonbetbetsquirrelsantabet giriş totobi giriş lalbet erisbetpiyasabetenzabetrexusbetstandartbetbetmarlo giriş zingabetboxbahiskalitebetklasbahisyakabet Genzobet betvakit giriş 1win giriş truvabetbet11 privebet7slotsbahisbey giriş betgrosbaşarıbetcasinoburadabahisnowciacasinobetriyalbetofficegamabetpiabellacasino bahis1000 giriş vidobetneyine giri şdinamobet giriş tambet giriş bonus veren sitelerdeneme bonusu veren yeni sitelerinstagram takipçi satın alblue lock scriptiqos satın aljojobettaraftarium24justin tvdeneme bonusu veren sitelerimajbetcasibomcasibomcasibomextrabetiptv satın alsolara executorbetcio girişaerodrome financebetgit girişotobetsohbet hattıOne Win Aviator: A Comprehensive Guide for Indian Playerscasibom giriştaraftarium24selçuksportsbahsegelcasibom twitterwinxbetcasibom twitterbets10deneme bonusu veren sitelerdeneme bonusu veren sitelersweet bonanzadeneme bonusu veren sitelerbetgarOnwinMeritkingMeritkingtubidytubidy mp3 downloadsahabetçorlu nakliyathitbetmarsbahis girişcasibomistanbul eskortjustin tvmatbetdeneme bonusu veren sitelernetspor tv450marsbahis comimajbet1472 comgrandpashabet2217casibom741meritking1614 conyabancı dizi izlebets10imajbet1472meritking1614casibom 741 comgrandpashabet2217 com450marsbahispulibetcasibom güncelRoku Bet güncel girişgrandpashabetBetturkey X Twittermarsbahisjojobet girişultrabetultrabetultrabetcasibom girişcasinolevant.vipeduistanbul escortdeneme bonusu veren sitelerblox fruit scriptçorlu nakliyeekrem abicenabetmeritkingmeritkingkumar sitelerigates of olympusbetosferkulisbetdeniz taşımacılığıCasibom GirişCasibom Girişholiganbetkulisbet twittersweet bonanzakulisbetbetnanoextrabet girişextrabetAnkara Escortcasibom girişpubg mobile uc hilesiroblox robux hilesicasibom girişsekabet 1269marsbahis girişaaajojobetcasibom twitterinagamingcasibom girişGorabetBetkanyonextrabetistanbul escortdeneme bonusuoleybet girişdeneme bonusuçorlu nakliyatcasinolevant girişvirabet2024 deneme bonusu veren sitelermegabahisSupertotobetSupertotobetcasibomcasibom günceljustin tvbetturkey yeni adresbetturkey yeni girişbetturkey yeni girişbetturkey güncel girişbetturkey girişbetturkeytipobet girişcasibom girişdizipalcasibomGrandpashabetGrandpashabetçorlu nakliyatçorlu nakliyecasibomCinsel Sohbetmeritking kazançelitcasinomadridbetbetturkeynakitbahisdumanbetpiabellacasinobetebetkralbetdinamobetbetkanyontipobetultrabetotobetfixbetvaycasinoMeritkingtrendbetkulisbetbahiscommeritkingsuperbetinmeritkingwbahisinatTVtimebetdiyarbetsekabetholiganbetmatbetimajbetmarsbahisdeneme bonusu veren sitelerselcuksportscasinolevantcasinolevant girişcasinolevant güncelsonbahissonbahis girişsonbahis güncel adressonbahis güncel girişcasinolevantcasinolevant girişcasinolevant güncelcasinolevant güncel girişcasibom girişcasinolevant güncel adresçorlu evden eve nakliyatlevantcasinolevantcasino girişlevantcasino güncellevantcasino güncel girişcasinolevantcasinolevant girişcasinolevant güncelcasinolevant güncel girişcasinolevant güncel girişlevantcasinolevantcasino girişlevantcasino güncel girişlevantcasino güncelpusulabetpusulabet girişefesbetdinamobetdinamobet girişdeneme bonusu veren sitelercasibomcasibomcasibomcasibom yilbaşi girişcasibomcasibom girişcaisbomholiganbetmarsbahispusulabetbetturkeycasibomgoldenbahiscasibommarsbahis girişmarsbahis girişmarsbahis güncel girişmarsbahis çorlu nakliyatcasibomcasibomcasibomdeneme bonusu veren siteler 2025jojobet Girişreal estate dubaireal estate dubaireal estate dubaiGoldenbahissahabetgrandpashabetperabetpusulabettempobetjojobetmatadorbet twitterbetcupbahigosahabet girişonwin girişcasibom girişgrandpashabet girişmatadorbet girişmeritking girişcoinbarsavoybettingprensbettarafbetcasibomextrabetmarsbahisgiftcardmall/mygiftcasibomextrabetjojobet girişsahabetbetzulapusulabetzbahisbetturkeysahabetstarzbetholiganbet girişroyalbetankara çim çit casibomcasibomankara escortozelduygular.com.tryenibirbaslangic.com.tristanbul escort, esenyurt escort, pendik escort jojobet güncel girişgiftcardmall/mygiftcasibom girişcasibom ocak girişlericasibom güncel girişcasibomtarafbetmeritbetartemisbetpinbahisbetciokingroyalmarsbahisholiganbetmatadorbetjojobetmarsbahisjojobetjojobetpadişahbetmarsbahisjojobet girişjojobetmatbetsekabetsekabetsahabetekrem abi sitelermatadorbetpusulabetbetciobets10cenabetholiganbetmarsbahisjojobetjojobetcasibom güncel giriştarafbettarafbet giriştarafbet güncel giriş adresicasibommavibetbetwoonlunabetpiabetparibahiscasibom twitterportobetcasino siteleri slot sitelericasino sitelericasibom girişbetciocasibomkumar sitelerikumar siteleri 2025en güvenilir kumar sitelerigüncel kumar sitelerikumar siteleri bonusgüncel kumar siteleri 2025pulibetvdcasinostarzbetdddeeeceltabetcasibom 725vbet