The Israeli economy also a direct casualty of Al-Aqsa Flood operation
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The Israeli economy suffers losses amounting to almost $13 billion dollars since October 7 while anticipating significant growth decline.
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Israeli settlers and foreign citizens at the Ben Gurion Airport waiting for departure flights following the Al-Aqsa Flood operation on October 7, 2023 (AFP)
One month into the Al-Aqsa Flood operation and nearly two weeks into the Israeli ground invasion in Gaza, the repercussions of these events on the occupying entity continue to unfold and intensify with each passing day.
Apart from the battlefield in Gaza, where the Israeli military is incurring significant losses in tanks and other vehicles, amounting to tens of millions of dollars, the state of the entity's economy and internal front is also experiencing substantial losses and chaos.
In a report on the dire situation facing "Israel," the newspaper Yedioth Ahronoth provided an updated account on Tuesday, outlining a series of serious economic damage and risks the entity is facing, in addition to updates on the war's impact on settlers. The report also included the latest tally of Israeli casualties since October 7th.
Read more: Netanyahu focused on 'post-war Gaza', seeks 'security responsibility'
Casualty Numbers:
A total of approximately 850 Israeli and foreign casualties.
Among these casualties, 348 are from the Israeli military, and there are also 240 prisoners.
Economic Impact and Losses since October 7:
According to the newspaper, the estimated economic growth loss for the entity due to various setbacks in tax payments is valued at 15 billion shekelsIn total while Israeli foreign reserves slumpped $7.3 billion in October.
Meanwhile, the Israeli economy suffered losses amounting in total to approximately 50 billion shekels (around $13 billion), divided as follows:
- Security and military expenditures totaling 30 billion shekels, primarily allocated from budgets of reservist soldiers, with an additional 14.3 billion dollars in American aid.
- Damages estimated at around 10 billion shekels have been incurred in 24 settlements near the Gaza Strip.
- 5 billion shekels in damages resulting from rocket attacks in other parts of "Israel" and a 2 billion shekel budget for housing solutions for displaced settlers in the south and north.
- The budget for what is referred to as "support aid" for October and November amounts to 12 billion shekels.
- Thousands of small businesses are on the brink of bankruptcy.
- Hundreds of thousands of Israeli employees are expected to be forced into unpaid leave.
Read more: Israeli companies see sharp revenue decline amid aggression on Gaza
Settlers Evacuated:
In total, more than 224,000 Israeli residents are currently displaced from their residences,115,000 of whom left their settlements based on a personal choice.
- 29 settlements in the Gaza border area and 22 in the north near the Lebanese borders have been evacuated.
- More than 94,000 settlers have been evacuated and are currently residing in hotels across "Israel."
