Report: Israel’s Gaza War Costs Exceed $67bn

Date: 11 January 2025 - 21:14

News ID: ۱۳۵۷۱۰

GAZA (Dispatches) – The
economic toll of the Zionist regime’s ongoing war on Gaza reached approximately 250 billion shekels ($67.57 billion) by the end of 2024, a report said.
Israeli business newspaper Calcalist released the figure that reflects estimates by the Bank of Israel and includes direct military expenses, civilian expenditures, and revenue losses, but not the full extent of financial repercussions.
The report described the costs as a “heavy burden” and criticized the “failure” of the war effort, highlighting the need for substantial increases in the Zionist regime’s military budget over the next decade.
The budgetary strain has sparked discussions within the Zionist regime, particularly on the reallocation of revenue from natural gas resources in the Mediterranean, which were originally intended for health care and education but now appears to be earmarked for military spending.
The report also mentioned a recent recommendation from the Nagel Committee, which suggested an additional 275 billion shekels ($74 billion) for military over the next decade with annual increases of 27.5 billion shekels ($7 billion).
The committee proposed bolstering the Zionist regime’s multi-layered air systems, including the Iron Dome and newly operational laser systems alongside fortifying the Jordan Valley.
The Israeli army has killed over 46,000 people, mostly women and children, in Gaza since Oct. 7, 2023. The genocidal campaign has left the enclave in ruins and risk of famine is widespread.