Total cost of war expected to amount to more than NIS 200 billion, Bank of Israel says

The Bank of Israel estimates that around NIS 210 billion will be spent on war expenses in 2023-2025, Channel 12 states in a report examining the impact of the war in Gaza on Israel’s economy.

Since the start of the war on October 7, Israel has invested NIS 24.7 billion ($6.6 billion) worth of state funds in various aspects of the war effort, including defense costs across all of Israel’s borders and funding for the more than 100,000 displaced people evacuated from the north and south of the country, the report says.

Some NIS 930 million has also been earmarked for mental and physical health care for victims of terror on and after the October 7 Hamas onslaught in which some 1,200 people were massacred and another 240 were seized as hostages.

The cost of repairing and rehabilitating the destroyed communities along the Gaza border will reach roughly NIS 400 million, Channel 12 adds, and the damage up north as a result of cross-border attacks from Lebanon will reach around NIS 250 million.

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