Israel's longest war costs half a trillion shekels
Israeli reports indicate that the cost of the war that began in October 2023 in Gaza is approaching half a trillion shekels, having reached approximately 420 billion shekels (about 135 billion dollars) so far, with expectations to rise to more than 500 billion shekels in the coming years. This has led to an increase in Israel's public debt by over 400 billion shekels and a projected rise in military expenditure to more than 1.5 trillion shekels (around 500 billion dollars) over the next decade. It has also resulted in the depletion of reserve forces and a deteriorating economic situation, with the government considering raising taxes and lowering the country's credit rating amid ongoing military operations against Gaza.
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