10% of GDP: Israel's Ministry of Finance reported how much money the war with Hamas costs
This estimate, which is approximately 10% of the gross domestic product, is based on the assumption that the conflict will be limited by the gases and will last from 8 to 12 months. This does not provide full involvement of Hezbolla from Lebanon, Iran or Yemen. In addition, it is taken into account that about 350,000 Israelis called into the army as reservists will soon return to their ordinary work responsibilities. Calcalist called an "optimistic" estimate of more than $ 50 billion.
However, the Ministry said it did not support Calcalist data. According to the newspaper, half of the total cost, about 1 billion shekels a day will be the cost of defense. In addition, 40-60 billion shekels will be associated with loss of income, 17-20 billion shekels will be allocated for business compensation, and another 10-20 billion shekels will be directed for recovery.