War with Hamas Will Cost Israel ~NIS 27B, Bank Hapoalim Projects
The cost of the war between Israel and the Hamas is estimated to be at least NIS 27 billion ($6.8 billion) as of now, according to initial projections by Bank Hapoalim.
The cost of the war between Israel and the Hamas is estimated to be at least NIS 27 billion ($6.8 billion) as of now, according to initial projections by Bank Hapoalim.
That takes into account the significant and massive call of 300,000 reserve soldiers who must leave their jobs — the largest mobilization since the 1973 Yom Kippur War, when Israel called up 400,000 reservists — restoration of infrastructure, housing and parts of the army, the expectation of a long campaign, and multiyear costs of rehabilitating disabled soldiers and caring for the families of fallen soldiers.
Bank Hapoalim chief strategist Modi Shafrir wrote: “At present time it can be assumed (in a very rough estimate) that the costs of the current war will amount to at least 1.5% of GDP, which means an increase in the budget deficit of at least 1.5% of GDP in the coming year.”
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