Israeli Finance Ministry: War with Iran cost around 35 billion shekels ($11.52 billion)

OCCCUPIED PALESTINE, April 13 (YPA) -Israeli occupation’s war with Iran incurred 35 billion shekels ($11.52 billion) in budgetary expenses, with 22 billion shekels of that going to defense, the Finance Ministry said on Sunday, citing a preliminary estimate.

In a statement on Sunday, the ministry confirmed that the government had approved additional emergency allocations in mid-March worth 2.6 billion shekels ($827 million) for urgent weapons procurement as the confrontation escalated.

According to the ministry’s estimates, the increased spending is expected to raise the fiscal deficit from the previously targeted 3.9% of GDP to a range between 4.9% and 5.6%.

The ministry also assessed that economic losses resulting from the war on Iran were around 9 billion shekels ($2.93 billion) per week.

In the same context, media reports citing Channel 12 said that the cost of 40 days of war on Iran and Lebanon could reach approximately $17.5 billion, including both military and civilian expenditures.

The Israeli Finance Ministry has estimated that the wars on Iran and Lebanon have cost “Israel” approximately $17.5 billion over the past 40 days, Anadolu reported on Thursday, citing Channel 12. The figure reflects combined military and civilian expenditures amid ongoing escalation on multiple fronts

.Meanwhile, Israeli media reported about two weeks ago that fuel prices had surpassed 8 shekels per liter, triggering growing public anger amid mounting economic pressures.

According to Israel’s i24NEWS, the increase was driven by a surge in global oil prices, with crude exceeding $100 per barrel compared to around $70 at the beginning of the year, directly impacting gasoline prices in the domestic market.

@E.Y.M