Calcalist: The cost of the war with Hamas could reach more than $50 billion for Israel
The Israeli economic Calcalist newspaper reported on Sunday that the cost of the war Israel is waging against Hamas in Gaza Strip may reach up to 200 billion shekels ($51 billion).
According to preliminary figures quoted by Calcalist from the Israeli Ministry of Finance, this estimate of costs is based on the assumption that the war will continue for a period of up to eight to 12 months.
The estimate also includes the assumption that Lebanese Hezbollah, Iran, and Yemen won’t be fully involved in the conflict.
Defense expenditures constitute a large portion of these costs, as they are expected to reach one billion shekels per day.
Revenue losses are expected to result in an additional cost of between 40 and 60 billion shekels, in addition to corporate compensation and rehabilitation costs.
These estimates come after Hamas militants launched the harshest attack in Israel’s history on October 7.
Since then, fighting has continued in the Gaza Strip, resulting in heavy losses of life and property on both sides.
It’s worth noting that these enormous costs could have serious economic impacts on Israel, as it already faces increasing economic challenges as a result of wars and ongoing security crises.
