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
Al-Quds Governorate: Today, the spatial division of Al-Aqsa Mosque began in a public and dangerous manner, and we warn of a religious war in the region
The Ministry of Health in Gaza: This brings the total number of victims of famine and malnutrition to 175, including 93 children
The Ministry of Health in Gaza: Gaza's hospitals recorded six deaths due to starvation and malnutrition in the past 24 hours, all of them adults
Informed sources to Al Mayadeen: A new chapter in relations between Iran and the International Atomic Energy Agency will begin within the framework of the new law passed by Parliament
Informed sources to Al Mayadeen: The talks will focus on the political aspect, and the agency's delegation will not be accompanied by any inspector
Informed sources to Al Mayadeen: An IAEA delegation will visit Tehran next week to discuss mechanisms for implementing the parliament's law suspending cooperation with the agency
Palestinian media: Herds of Israeli settlers storm the al-Aqsa Mosque and perform Talmudic rituals in it
Al Mayadeen's correspondent in Gaza: 15 martyrs were transferred to hospitals in the Gaza Strip in the past few hours as the Israeli occupation continues its aggression on the camps of the displaced
Al Mayadeen's correspondent in Gaza: 38 were killed since dawn on Saturday, as the Israeli occupation army targeted aid seekers at distribution sites
Palestinian Red Crescent: One martyr, several injuries among our teams after the occupation bombed the association's headquarters in al-Amal neighborhood, west of Khan Younis.

Economic toll of 'Israel’s' war on Gaza war exceeded $67bln: Report

  • By Al Mayadeen English
  • Source: Agencies
  • 12 Jan 2025 08:46
3 Min Read

Describing the costs as a “heavy burden”, a report criticizes the war effort as a “failure” and emphasizes the need for substantial increases in "Israel’s" defense budget over the next decade.

Listen
  • x
  • Gaza war
    An Israeli soldier jumps off an armored vehicle at a staging area near the Gaza border in southern occupied Palestine, Thursday, Jan. 2, 2025 (AP)

The economic impact of "Israel's" ongoing war on the Gaza Strip has reached approximately 250 billion shekels ($67.57 billion) by the end of 2024, according to a report from the Israeli business newspaper Calcalist as cited by Anadolu Agency.

The report, published on Friday, reflects estimates by the Bank of Israel and encompasses direct military expenditures, civilian spending, and revenue losses but does not account for the full scope of the war's financial consequences.

Describing the costs as a “heavy burden”, the report criticized the war effort as a “failure” and emphasized the need for substantial increases in "Israel’s" defense budget over the next decade.

This financial strain has sparked internal debates in "Israel", particularly concerning the reallocation of revenues from natural gas resources in the Mediterranean. Initially earmarked for healthcare and education, these funds now appear to be directed toward defense spending.

Additionally, the report highlighted recommendations from the Nagel Committee, which called for an additional 275 billion shekels ($74 billion) in defense funding over the next decade, with annual increases of 27.5 billion shekels ($7 billion).

The recommendations include enhancing "Israel’s" multi-layered air defense systems, such as the Iron Dome and newly deployed laser systems, as well as fortifying the Jordan Valley border with a heavily secured barrier.

Related News

Israeli protesters block Tel Aviv highway over Gaza captives crisis

Palestinians are being massacred by US-German weapons: Iran's Baghaei

Read more: How 'Israel's' genocide shattered Gaza, West Bank economies: Report

Potential Israeli military control of Gaza to cost $7bln annually

In early December, the Israeli Broadcasting Authority reported that security and military sources have estimated the cost of imposing military control over the Gaza Strip at a minimum of 25 billion shekels annually, roughly $7 billion.

The estimates indicate that approximately 20 billion shekels (over $5 billion) would be required to fund military operations in Gaza, including the maintenance of four divisions, reservist service days, and other related expenses.

In addition, the cost of running the civil administration mechanism would amount to hundreds of millions of shekels per year, with an extra 5 to 10 billion shekels annually needed for the provision of "basic civil services to Gaza's Palestinian population," according to the broadcaster.

Previously, security officials estimated that the cost of "administering Gaza" would be 20 billion shekels annually, with 400 new positions added to the Israeli military.

According to the Broadcasting Authority, five divisions would "operate" regularly in Gaza, "overseeing" a population of 2.3 million Palestinians. The broadcaster noted that these budget estimates are primarily operational projections.

Read more: Gaza war 'most destructive, fatal conflict' in 21st century: Airwars

  • Gaza Strip
  • war on Gaza
  • Palestine
  • IOF
  • Israel
  • Gaza genocide
  • Gaza
War on Gaza

War on Gaza

Most Read

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
An explosion seen during an Iranian missile attack on Tel Aviv, Occupied Palestine, June 13, 2025 (AP)

If Iran is attacked again, geography of response may change: IRGC spox

  • Politics
  • 30 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Starved, shot, bombed, 'Israel' finds no fault
Politics

'Israel' closes 88% of war crimes cases without charges: Watchdog

Alex Karp, CEO of the software firm Palantir Technologies, arrives as then Senate Majority Leader Chuck Schumer, convenes a closed-door gathering of leading tech CEOs, Wednesday, Sept. 13, 2023 (AP)
Technology

Notorious Palantir lands record $10bln contract with the US Army

‘March for humanity’: Protesters brave rain for Gaza on Sydney bridge
Politics

‘March for humanity’: Protesters brave rain for Gaza on Sydney bridge

A Syrian Democratic Forces (SDF) fighter stands in guard during a gathering to celebrate Nowruz, Kurdish New Year, in Qamishli, northeastern Syria, Friday March 21, 2025 (AP)
Politics

SDF asserts 'right to retaliate' against strikes near Deir Hafer

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