Israel’s War on Gaza Cost it $42 Billion

The cost of the war for the Israeli occupation, until mid-January 2025, was 150 billion shekels (about $ 42 billion). That is an average of 300 million shekels (about $84 million) per day, according to the Israeli Yedioth Ahronoth.

The newspaper reported there are large gaps between the cost of fighting in Lebanon, the cost of the Gaza Strip, and the “days of intense fighting” (i.e. attempts to confront Iranian missiles).

According to it, the heaviest cost in security expenditures is “funding the reserve army,” which amounts to 45 billion shekels (more than $12 billion).

A high-ranking source in the Israeli Ministry of Finance previously stated the huge new budgets allocated for 2025 to rebuild the northern and southern settlements are “frozen.”

The source told Yedioth Ahronoth that “the use of these budgets will not be possible until the final approval of the government budget.”

The source added the failure to approve the government budget for 2025 “is already causing significant damage to the economy, while the concern in the Finance Ministry now is that Israel will be run for an entire quarter on an interim budget, with the budget for each of the months of January, February, and March equal to 1/12 of the original government budget for 2024.”

However, “the Finance Ministry’s accountant general decided to allocate a smaller budget, for fear that there would be a need to finance additional months with an interim budget, and to create a reserve aimed at preventing disruption to the budgets of vital services for Israelis.”

In the same context, a senior government economic source also expressed to Yedioth Ahronoth “real concern about the possibility that the government budget will not be approved by the deadline set by law, March 31.”

“If that happens, it will be a disaster,” the source said, adding that “the government’s failure to run the full budget required during the war, with a huge deficit and special security tasks that cannot be implemented, will cause enormous damage to the economy and security,” as stated in Al Mayadeen.

CrossFireArabia

CrossFireArabia

Dr. Marwan Asmar holds a PhD from Leeds University and is a freelance writer specializing on the Middle East. He has worked as a journalist since the early 1990s in Jordan and the Gulf countries, and been widely published, including at Albawaba, Gulf News, Al Ghad, World Press Review and others.

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Iran Halts Attacks on Neighboring States Unless…

Iran’s president said Saturday that his country will refrain from attacking neighboring states unless attacks are launched against Iran from their territory, state-run Press TV reported.

“The temporary leadership council announced yesterday that there will be no more attacks on neighboring countries and no missile launches unless attacks originate from those countries against Iran,” Masoud Pezeshkian said in a televised address to the Iranian people.

He also apologized to neighboring countries amid rising regional tensions, saying Iran has “no intention of invading other countries.”

Pezeshkian also dismissed expectations that Iran would surrender unconditionally, saying that those who nurse such hopes “will take their dreams to the grave.”

Iran on Feb. 28 launched missiles and drones toward Israel and Gulf countries that are home to US military assets. Some of the attacks have caused casualties and damage to civilian sites, including ports and residential buildings.

Tehran says the attacks came in response to a US-Israeli military campaign against Iran that has killed hundreds of people, including Supreme Leader Ali Khamenei and top military officials. Anadolu

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