The Gaza war exacerbated Israel's economic problems

The war of the Zionist regime of Israel against the Gaza strip was temporarily suspended after about 50 days, in which case, Tel Aviv has suffered great economic losses.

Nov 28, 2023 - 14:29
The Gaza war exacerbated Israel's economic problems
The Gaza war exacerbated Israel's economic problems

Probably the Zionist regime considered the genocide in Gaza as a victory for it, but there is no doubt that this regime has not achieved any victory in the actual battlefield. Not only that, its military goals were not achieved, but Israel suffered huge human and economic losses. On the economic side, the Ministry of Finance of the administration announced in October that the daily costs of the war are approximately 270 million dollars. This means that, per month, the hostile administration spends more than 8 billion dollars. This is in a situation where , the announced annual budget of the Ministry of War is about 24 billion dollars. In other words, about 16 billion dollars, equal to about 70 percent of Israel's annual military budget, was spent in a period of only 50 days. In other reports, the economic costs of the war have been declared to be even greater. Channel 12 of the Zionist administration's television reported on a meeting of senior directors of the administration's Ministry of Finance and the cabinet that lasted for 3 hours where the costs of the war against Gaza were discussed.

According to the information presented at the meeting, each day of the war costs the Zionist regime approximately one billion Israeli shekels, and this includes the direct costs of the war, including the payment of soldiers' salaries, so that each soldier is paid 1000 shekels per day. In addition to that, there are the costs of fighter jets, fuel and guaranteeing food and military equipment is another part that includes that amount of money. Benjamin Netanyahu, Prime Minister of the illegal Israeli regime In addition to that, the war has also caused a deficit in Israel's budget. The Financial Times reported that Israel's budget deficit will triple next year (2024) and will reach around 5-8 percent of gross national income. The Central Bank of the Zionist regime also announced that the economic burden of the regime due to the lack of labor has reached 2.3 billion shekels per week. The Zionist Organization has added that the costs are due to the closure of many schools in different areas of occupied land and the transfer of about 144,000 workers from areas close to the borders of Gaza and Lebanon, as well as the call of reserve labor to serve in the army.

The government of the Zionist regime has called up its 360,000 reserve soldiers for military service, where this is the largest number in the history of the regime in its previous war against Gaza, and this has caused many workers to leave their places of work. . The summaries of this environment have made the Zionist administration begin to revise the budget for this year 2023; which itself has become a place of arguments and internal tensions whose noises are not heard much due to the current atmosphere dominated by war news. The economic problems of the Zionist administration have increased due to the 50-day war in which, economic challenges were one of the reasons for the widespread complaints and protests of the people before the current war, where Prime Minister Benjamin Netanyahu was under great pressure while his government sitting on dry wood.