Iran Israel war: Israel makes shocking claims..., says faces loss of Rs 256801683000 due to...
Iran Israel war: Israel makes shocking claims..., says faces loss of Rs 256801683000 due to...
The impact of the Iran-Israel war is going to be far-reaching. For the last 3 years, there has been a war going on between Ukraine and Russia as well. Europe is paying the price of this in the form of gas shortage. The cost of property damages from Iranian missile and drone attacks on Israel over the past 12 days is estimated to be around double the sum of claims stemming from the October 7 attack and all 615 days since.
Israel launched a massive attack against Iranian nuclear sites earlier this month — killing top generals and sparking off nearly two weeks of war. Nearly a thousand people were killed amidst the clashes while countless others were injured.
What is Israel's cost in war?
According to the Bank of Israel, Israel's war-related costs from 2023 to 2025 could end up amounting to $55.6 billion, thereby costing Israel 10% of its economy. Due to Israel suspending Palestinian work permits, it recruited workers from India and Sri Lanka to fill the gaps. According to Israeli Finance Minister Bezalel Smotrich the total cost of war could be as high as $12 billion. The Finance Ministry estimate includes compensation of approximately 5 billion shekels that will be paid to businesses. The '12 day war' had also led to a near-shutdown of the Israeli economy with schools and businesses closed — except those designated as essential.
The loss includes…
Director general of Israel's Tax Authority, the country has incurred at least $3 billion in damage and the figure includes funds that will be needed to repair missile-hit buildings as well as compensation that will be paid to local businesses. Israeli authorities had previously said that more than 9,000 people had been displaced from their homes amid the strikes — with many residences damaged or destroyed by the Iranian attacks. The $3 billion estimate does not include the cost of replacing weapons and and defense systems used in the campaign.
According to Israeli Finance Minister Bezalel Smotrich the total cost of war could be as high as $12 billion. The Finance Ministry estimate includes compensation of approximately 5 billion shekels that will be paid to businesses. The '12 day war' had also led to a near-shutdown of the Israeli economy with schools and businesses closed — except those designated as essential.
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