Israel incurred a high cost as a result of its confrontation with Iran before the announcement of the US President Donald Trump The ceasefire, but the total was not determined permanently, given that it extends to a long time in several areas.
And spent Israel About 5 billion dollars in the first week of attacks on Iran, according to the Financial Express website, while the daily expenses of the war amounted to $ 725 million, of which $ 593 million was for attacks and $ 132 million for defense and military mobilization procedures.
The Wall Street Journal reported that the daily cost of anti -missile air defense systems ranged between 10 million dollars and 200 million dollars for Israel.
The total cost would have exceeded $ 12 billion if the attacks lasted for a month, according to the Aaron Economic Policy Institute, based in Israel.
The expert in Israeli affairs, Dr. Ahmed Al -Bahnisi, expected that Israel would raise military allocations in the budgets of the coming years in light of the failure Iron Dome In most absolute missiles from Iran, as well as other interim systems, intercepted this, which means a comprehensive review of these systems and trying to develop them.
He added in a comment to “Al -Jazeera Net” that Israel cannot also ignore the necessity of increasing military allocations because it is calculated for future confrontations in which you will inevitably need more interceptor missile systems, ammunition and flight.
He pointed out that the military cost is in the face of Iran More than expected as a result of the consumption of a large number of interceptor missiles during the twelve war days.
Anadolu Agency quoted the assistant professor at the Finance of the American University in Palestine, Nasser Abdel Karim as saying: The attacks not only affect the Israeli military spending, but also affected the productive activities of the country, noting that the war may cost Israel up to 20 billion dollars, whether directly or indirectly.
Abdel Karim expected that the Israeli budget deficit will increase by 6%, and that the compensation of the affected citizens will be agreed to deteriorate the country’s public finance.
The number of Israelis whose homes were evacuated in the first week exceeded 10,000, and about 36 thousand and 465 people submitted compensation requests, according to the Israeli Tax Authority.
Abdel Karim explained that the Israeli government is studying a measure between these procedures following to cover the increasing budget deficit:
- Reducing public spending on health and education.
- Increased taxes.
- Resorting to borrowing, which may raise the percentage of public debt to national income by more than 75%.
The Israeli Ministry of Finance revealed that the current financial resources of the country are draining quickly, and requested that 857 million dollars be transferred to the Ministry of Defense, while requesting discounts of $ 200 million from the ministries of health, education and social services.
The Israeli financial newspaper Globes reported that most of these funds will be used to cover the expenses of military personnel.
About 450,000 reserve soldiers were called to the service as part of the wide -ranging packing efforts during the war.
Compensation
According to the Tax Authority, approximately 53 thousand new insurance documents have been purchased since the outbreak of the war, as Israeli official compensation is limited to the damage of real estate properties and car losses, which causes people to secure valuable purposes of technical artifacts, luxurious furniture and jewelry in the tax department itself with an additional installment of 0.3% of the value of the property secured, until the ceiling of one million shekels, or securing these purposes for insurance companies Especially to cover the state’s compensation for the losses of wars.
But the rush of people in the post -war on Iran shows the amount of their fear of the war and its damages, especially after the war conveyed the damage of property to a new level. Additional insurance raises compensation for the contents of the house for the individual to 52 thousand and 570 shekels (the dollar equals approximately 3.42 shekel For jewelry, gold and silver.
According to the newspaper “Yediot Aharonot”, because of the longest war with Iran than expected, the Ministry of Finance has been drafted to compensate the business sector and compensate companies for hundreds of thousands of workers absent from work due to the war with Iran.
The newspaper wrote that the plan will include compensation for companies that were affected by a decrease in the volume of their business by at least 25%, compensation by 75% for employee wages, and payment of expenses according to the degree of low business volume, the higher the volume of business, the more compensation. This means, according to estimates, billions of dollars from the state treasury.
Yesterday, the Tax Authority revealed to the Finance Committee in Knesset On the extent of the massive damage caused by the campaign against Iran, within only two weeks of direct fighting began, it was decided to demolish 25 buildings throughout the country, compared to only one building that was damaged by the same degree during the war with Gaza.
The authority approved the existence of an unprecedented wave of compensation claims from the affected companies. During the discussion, Amir Dahan, Director of the Compensation Department of the Tax Authority, presented a comprehensive picture of the economic damage that has been caused to a time close to its end.
He explained that since the beginning of the war with Iran, about 40,000 compensation demands have been submitted, compared to about 70,000 claims submitted since the beginning of the entire war, adding, “Even if the war ends today, I expect to reach 50 thousand compensation demands in this tour.”
According to him, the amounts of compensation are very high: “Until now, since the beginning of the war, we have paid 2.5 billion shekels. Since the direct fighting round with Iran in the past two weeks, we have reached about 4.5 billion, and I think we will reach 5 billion. These are sums that we have not seen before in direct damage. Weizmann Institute And the Bazan oil refinery in the oil refining in Haifa Two huge events, and we have 25 buildings that must be demolished, compared to only one building from the beginning of the war until the Iran tour. “
Investors panic
Experts warn that the growth rate in Israel may slow down, and that Unemployment It may rise, and that poverty rates may rise if the conflict continues.
Iran targeted vital infrastructure in Tel Aviv Haifa, including an attack, closed the Bazan refinery, the largest oil refinery in Israel, causing daily losses estimated at 3 million dollars, according to the Financial Times.
Commenting Ben Gurion Airport Its operations in response to Iranian revenge strikes, which is the airport that usually receives about 300 flights and 35 thousand passengers per day, and only partially opened from last Sunday for the purposes of returning settlers to Israel, and this disruption is expected to lead to greater economic losses.
The suspension of flights at the largest airport in the country coincided with the fact that the Israeli national airline, the world, suspended its flights and transferring the path of its aircraft, in anticipation of any threat to target.
A journey directed to Paris On its way and landed in the Greek Cypriot administration, another trip to Bangkok was forced to land in Rome.
The operational cost of this project is expected to reach about $ 6 million.
Financial markets also suffered from the escalation of military tensions, such as the injury of the Iranian missiles, the Israeli diamond stock exchange, a sector representing about 8% of the total exports of Israel.
According to the Israeli Diamond Institute, the attacks raised concerns on the Tel Aviv Stock Exchange.
The strike by the stock market caused the panic of investors, which led to extensive sale, speeding up the pace of the market, and putting economic stability at risk in the short term.
US President Donald Trump announced on Monday that Israel and Iran agreed to a “complete and comprehensive” ceasefire in light of the escalation of the conflict in the Middle East, and the ceasefire entered into force at 04:00 GMT today, and Trump urged both sides not to violate it.