War with Hamas to cost Israel above $50 billion -newspaper
© Reuters. Palestinians search for casualties, at the site of Israeli strikes on houses, amid the ongoing conflict between Israel and Palestinian Islamist group Hamas, at the Magazi Refugee Camp, in central Gaza Strip, November 5, 2023. REUTERS/Mohammed SalemJERUSALEM - Israel's war with Hamas in the Gaza Strip will cost as much as 200 billion shekels , the Calcalist financial newspaper reported on Sunday, citing preliminary Finance Ministry figures.
Calcalist described the ministry as deeming 200 billion shekels an"optimistic" estimate. But the ministry said it does not stand by Calcalist's data. Calcalist said half of the cost would be in defence expenses that amount to some 1 billion shekels a day. Another 40-60 billion shekels would come from a loss of revenue, 17-20 billion for compensation for businesses and 10-20 billion shekels for rehabilitation.
On Thursday, Prime Minister Benjamin Netanyahu said the state was committed to helping everyone affected.
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