Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Lebanese Health Ministry: 1 woman martyred, 11 wounded in Israeli strike on residential apartment in Nabatieh, South Lebanon.
Al Mayadeen's correspondent: Four civilians injured in Israeli strike that targeted house in Nabatieh al-Fawqa, South Lebanon.
Al Mayadeen's correspondent in South Lebanon: Israeli warplanes launch strikes on regions of al-Mahmoudiyah, al-Khardali
Al Mayadeen's correspondent in South Lebanon: Israeli aircraft execute series of strikes in Kfar Tibnit, South Lebanon.
Iranian ambassador in Beijing to Al Mayadeen: We hope that Europe and the US give up their illegal actions and authoritarian hegemony.
Al Mayadeen's correspondent: Israeli shelling targets displaced persons' tent in Al-Mawasi, Khan Younis, casualties were reported
IOF storm Jalazone camp, north of Al Bireh city in the occupied West Bank
Israeli media: A severe incident reported in Gaza some time ago
Israeli media: Military evacuation helicopters are transporting injured soldiers from Khan Younis
Israeli media: A security incident has been reported in Khan Younis, southern Gaza Strip

'Israel' mulling demobilizing reservists over economic woes

  • By Al Mayadeen English
  • Source: Israeli Media
  • 17 Nov 2023 23:00
  • 1 Shares
3 Min Read

The Israeli occupation forces might be letting go of thousands of Israeli reservists as the economy suffers in light of the war on Gaza.

  • x
  • Members of the press and Israeli soldiers take shelter in a stairwell inside at The Kirya, which houses the Israeli Ministry of Security, October 16, 2023, in 'Tel Aviv', occupied Palestine (AP)
    Members of the press and Israeli soldiers take shelter in a stairwell inside at The Kirya, which houses the Israeli Ministry of Security, October 16, 2023, in 'Tel Aviv', occupied Palestine (AP)

The security establishment is considering the possibility of reducing the number of reservist soldiers and demobilizing some of them. 

Israeli media explained that this comes in the aftermath of "the damage their absence from their homes and workplaces has caused to the economy."

Israeli settlers are leaving their homes in the Gaza envelope and northern occupied Palestine due to their fear of the Resistance on both fronts, with a massive wave of displacement taking place in a way that has destabilized the already unstable economy.

A difficult political discussion in "Israel" has been sparked by the mounting financial cost of the war on Gaza, which will pose challenges to Prime Minister Benjamin Netanyahu and his Finance Minister, Bezalel Smotrich.

The Israeli occupation has been overspending on everything from weapons to paying the hundreds of thousands of reservists it called up. In addition, declining household spending and tourism are contributing to a decline in fiscal income.

A dispute about payments to ultra-orthodox schools and other causes supported by right-wing members of Netanyahu's ruling coalition has arisen as a result of the strain on other budgets like religious schools in the occupation.

Related News

Guterres: Gaza crisis worst yet, urges ceasefire and aid access

Palestinian Resistance attacks Israeli forces in Khan Younis, Jabalia

There is pressure on Smotrich, a lifetime settler, to reduce such spending. Anything that isn't "essential to support the fighting," according to him, will be removed.

The Israeli regime has successfully raised approximately 30 billion shekels ($7.8 billion) in debt since the start of its aggression on Gaza, as reported by the Finance Ministry on Monday.

Out of the total amount, around 16 billion shekels were raised through dollar-denominated debt in international markets, highlighting the Israeli occupation's efforts to seek financial support on a global scale.

In addition to this, the Finance Ministry conducted a weekly bond auction in the local market, resulting in the acquisition of an additional 3.7 billion shekels.

Due to the prolonged aggression on Gaza, "Israel's" economy is predicted to contract by around 1% this year, and the country's debt to GDP ratio is predicted to surpass 65%, central bank governor Amir Yaron stated on Thursday.

In a live-streamed discussion regarding monetary policy, Yaron stated, "Assuming the war is primarily concentrated in the southern border, and lasts till the end of this year, GDP growth is likely to shrink by about 1% in 2023."

The Israeli Finance Ministry announced on Wednesday that the occupation's budget deficit for October was 22.9 billion shekels ($6 billion), citing an increase in costs associated with financing "Israel's" war on the Gaza Strip.

  • Palestine
  • Israel
  • Israeli economy
  • Israeli occupation
  • Lebanon
  • Gaza
War on Gaza

War on Gaza

Most Read

Iranian President Masoud Pezeshkian attends a protest following the US attacks on nuclear sites in Iran, in Tehran, Iran, Sunday, June 22, 2025. (AP)

Iran declares victory as ceasefire forces Israeli retreat

  • Politics
  • 24 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Iran launches strikes on Israeli targets, despite alleged ceasefire

Iran victorious as ceasefire with 'Israel' takes effect

  • Politics
  • 24 Jun 2025
Iranian worshippers carry their country's flags in a protest to condemn Israeli attacks on multiple cities across Iran, after the Friday prayers ceremony in Tehran, Iran, Friday, June 20, 2025. (AP)

Iran warns of NPT withdrawal, Strait of Hormuz closure after US attack

  • Politics
  • 22 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
French far-right leader Marine Le Pen delivers her speech during the French far-right party national rally near the parliament in Paris, Sunday, April 6, 2025. (AP Photo/Michel Euler)
Politics

US aide proposed funding Le Pen's legal fight, sparking uproar

People whose names were left out in the National Register of Citizens (NRC) draft fill their forms to file appeals near a NRC center on the outskirts of Gauhati, India, Monday, Aug. 13, 2018. (AP Photo/Anupam Nath)
Politics

India accused of illegal Muslim deportations to Bangladesh

Palestinians children mourn over the body of their father, Mohammed Ghaben, who was killed while heading to an aid distribution hub, at the morgue of the Shifa Hospital in Gaza City, Wednesday, June 18, 2025. (AP)
Politics

IOF troops admit to killing starving Palestinians: Israeli media

The commander of the Quds Force's Palestine Unit, Brigadier General Mohammad Said Izadi (Illustrated by Mahdi Rtail for Al Mayadeen English)
Politics

Who was Mohammad Said Izadi, head of the Quds Force's Palestine Unit?

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS