TEL
AVIV — According to an Israeli newspaper, preliminary figures from the Israeli
Ministry of Finance show that the war on Gaza is expected to reach
approximately 200 billion shekels, equivalent to $51 billion.
اضافة اعلان
The
newspaper stated that the cost estimate, which equals ten percent of the gross
domestic product, is based on the possibility of the war lasting from 8 to 12
months with Gaza as the primary target, without full involvement of Hezbollah,
Iran, or Yemen. It also considers the rapid return of around 350,000 Israeli
reservists to work soon, Al-Mamlaka TV reported.
Furthermore,
it added that half of the cost would be in defense expenses, amounting to
nearly 1 billion shekels or around $254 million daily.
The
cost of revenue losses is expected to range between 40 to 60 billion shekels,
equivalent to $10 million to $30 million.
Israeli
Prime Minister Benjamin Netanyahu stated on Thursday that Israel is committed
to assisting all those affected. He added, "My instructions are
clear...Open the taps and direct the funds to those who need it," without
specifying specific numbers.
He
continued, "Just as we did during the past decade, we built a very strong
economy here, and even if the war imposes economic losses on us, as it does
now, we will pay them without hesitation."
Following
the outbreak of the war on Gaza, Standard & Poor's credit rating agency
downgraded its outlook for Israel to "negative," while Moody's and
Fitch placed Israel's ratings under review for potential downgrades.
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