The bill is very high… Official figures reveal Israel’s losses due to the war

Official figures published by the government “Bank of Israel” showed that the bill for Tel Aviv’s losses in the war on Gaza alone amounted to at least $67 billion, in addition to the damage resulting from the war on the northern front with Hezbollah, in which any escalation is expected to lead to Double the numbers.

Israeli official figures revealed a contraction in the gross domestic product by about twenty percent during the last quarter of last year 2023.

The weight of the losses caused a budget deficit of about six percent, with the public debt ratio rising to 65 percent this year.

These numbers were reflected in the reality of the settlers’ lives, as their total income decreased by 20 percent, with the level of spending decreasing by about 26 percent.

Moody’s also lowered Israel’s credit rating to “A2” with a negative outlook, which is the first such reduction in the history of the occupying state.

The war in Gaza, and resistance missiles from the Gaza Strip and southern Lebanon, caused the displacement of 200,000 Israelis from their settlements.

The summoning of more than 300,000 reserve soldiers to the fronts harmed all productive and industrial sectors in Israel.

These results naturally led to investors fleeing, as investment in fixed assets declined by 67 percent.

While the number of startups in the high-tech sector declined by 75 percent, while the building and construction sector incurred weekly losses amounting to $650 million.

Real estate sales recorded their worst performance in thirty years. (Arabi 21)