Israel’s ongoing attacks on Gaza to cost $67B by 2025

Israel has persistently unleashed a barrage of assaults on the Gaza Strip, with devastating consequences both in terms of human lives and financial burdens since October 7, 2023.

According to recent reports, the financial toll of these attacks is projected to skyrocket, reaching a staggering $67 billion by the year 2025.

The indiscriminate nature of Israel’s onslaught has resulted in a tragic loss of life, with civilian casualties soaring to over 36,000, and a staggering 81,777 Palestinians left injured in its wake.

Despite international outcry and calls for restraint, Israel’s military campaign shows no signs of abating.

Amir Yaron, the President of the Israel Central Bank, illuminated the economic repercussions of the prolonged conflict, which encompass defense expenditures, civilian aid and the loss of tax revenue.

Yaron emphasized that the financial burden of these attacks is becoming increasingly unsustainable for the Israeli economy.

In his statement, Yaron cautioned against providing the Israeli military with a blank check, urging a reconsideration of budget allocations in light of the growing costs associated with the Gaza offensive.

The impact of these expenditures extends far beyond financial concerns, exacerbating tensions in an already volatile region and deepening the humanitarian crisis in Gaza.

As the conflict persists unabated, the international community faces mounting pressure to broker a cease-fire and pursue diplomatic solutions to alleviate the suffering of civilians caught in the crossfire.

Yet, until a lasting resolution is reached, the human and financial costs of Israel’s campaign against Gaza continue to escalate, casting a long shadow over the prospects for peace in the region.