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Israel spend 10% of its GDP for the Gaza war

by Gowtham R
November 5, 2023
in World
Reading Time: 2 mins read
Israel
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Gaza’s Hamas forces and the Israel army last Oct. The war that started on the 7th has been going on for the 33th day today. The Israeli army, which has been carrying out airstrikes, has entered Gaza and is carrying out a ground attack.

Israel is carrying out a serious offensive aimed at completely ceding Gaza in response to Hamas forces launching an unprecedented attack on Israel.

The Palestinian death toll in the war has risen to 9,061. Of these, 3,760 are children and 2,326 are women.

In this case, the Israel army has said that it has surrounded the entire Gaza City. It seems that the intensity of Israel’s attack may increase further.

It has been reported that 335 soldiers have died so far on the Israeli side.Israel

The Israeli newspaper Kalkalist reported that the war against Hamas would cost the Israeli government 200 billion shekels (US$51 billion). This is approximately 4 lakh crore rupees in Indian value.

Also, this estimate is 10 percent of Israel’s GDP.

If this war lasts eight to 12 months, Israel will have to spend hundreds of thousands of crores to face Hamas alone without the intervention of Hezbollah and Iran, the newspaper said.

This figure is calculated in addition to Israel’s call-up of 3,50,000 men from its reserves.

This 200 billion shekels is the Israeli ministry’s optimistic estimate, according to the Kalkalist daily. Israel denied this.

Half of this would be spent on security alone, 1 billion shekels per day.

Another 40-60 billion in daily revenue loss, 17-20 billion in industrial compensation and another 10-20 billion in rehabilitation costs, the newspaper explained.

The Hamas terror group launched a surprise attack on Israel on Oct. 7. In response, Israel has been attacking Gaza for the 30th day in a bid to root out Hamas.Israel

As the war escalates day by day, demands from many parts of the world for basic livelihood assistance to the people trapped in Gaza are intensifying.

 

Tags: gaza warindia involvement in isreal warisreal vs hamasisreal warwar in gazawar offences
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