How Gaza occupation could drain Israel's economy?
Even more people are afraid that the conflict will get worse, which will hurt both people and the economy. At first, the Histadrut labor group was supposed to take part, but it pulled out for a number of reasons.
The people who are organizing the strike say that keeping the war going will make the country's economic and social problems worse, in addition to the moral need to free the prisoners. Last week, the security cabinet agreed to go ahead with taking Gaza City as part of a larger military offensive against Hamas. This made people even more worried.
Experts say that even a limited stay will cost a lot, with new taxes, longer tax freezes, and big cuts to infrastructure, healthcare, education, and welfare. The Finance Ministry is looking at the prices of recent operations, such as "Gideon's Chariots," which ended after three months.
The Defense Ministry and the Finance Ministry have already agreed to give an extra 42 billion shekels over the next two years, with 28 billion shekels coming in 2025. This will be used to pay for the operation in Gaza and another battle against Iran.
Government officials say, though, that there has been no real talk in the government or the Knesset about how the occupation of Gaza will affect the country's finances in the long run. It is thought that calling up a quarter of a million reservists before the end of the year would cost 7.5 billion shekels per month. Other costs like fuel, ammo, and emergency help could add another 12–15 billion shekels per month.
Former IDF budget chief Brig. Gen. (Res.) Ram Aminach warned that under international law, Israel would have to provide all civil services in Gaza after the war, including water, sanitation, electricity, healthcare, and more, without being able to collect local taxes or rely on foreign aid.
«احتلال غزة» ليس مجرد معركة عسكرية.. إسرائيل على أعتاب حرب اقتصادية قد لا تنتهي!
فهل تتحول «أعباء القطاع» إلى «فاتورة تل أبيب»؟ pic.twitter.com/UcziXYDgn8
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Bawaba
2 hours ago
- Al Bawaba
How Gaza occupation could drain Israel's economy?
ALBAWABA - Israel is getting ready for its first general strike on August 17. Families of prisoners and a number of social groups that want the war to end are leading the protests. Also Read Israeli airstrike kills Palestinian journalist Anas Al-Sharif Even more people are afraid that the conflict will get worse, which will hurt both people and the economy. At first, the Histadrut labor group was supposed to take part, but it pulled out for a number of reasons. The people who are organizing the strike say that keeping the war going will make the country's economic and social problems worse, in addition to the moral need to free the prisoners. Last week, the security cabinet agreed to go ahead with taking Gaza City as part of a larger military offensive against Hamas. This made people even more worried. Experts say that even a limited stay will cost a lot, with new taxes, longer tax freezes, and big cuts to infrastructure, healthcare, education, and welfare. The Finance Ministry is looking at the prices of recent operations, such as "Gideon's Chariots," which ended after three months. The Defense Ministry and the Finance Ministry have already agreed to give an extra 42 billion shekels over the next two years, with 28 billion shekels coming in 2025. This will be used to pay for the operation in Gaza and another battle against Iran. Government officials say, though, that there has been no real talk in the government or the Knesset about how the occupation of Gaza will affect the country's finances in the long run. It is thought that calling up a quarter of a million reservists before the end of the year would cost 7.5 billion shekels per month. Other costs like fuel, ammo, and emergency help could add another 12–15 billion shekels per month. Former IDF budget chief Brig. Gen. (Res.) Ram Aminach warned that under international law, Israel would have to provide all civil services in Gaza after the war, including water, sanitation, electricity, healthcare, and more, without being able to collect local taxes or rely on foreign aid. «احتلال غزة» ليس مجرد معركة عسكرية.. إسرائيل على أعتاب حرب اقتصادية قد لا تنتهي! فهل تتحول «أعباء القطاع» إلى «فاتورة تل أبيب»؟
Al Bawaba
3 hours ago
- Al Bawaba
From full invasion to limited strike: Why Netanyahu changed course in Gaza?
ALBAWABA - Following strong resistance from Israel's Chief of Staff Eyal Zamir, Prime Minister Benjamin Netanyahu has changed his original plan to take the whole Gaza Strip to a limited operation aimed at Gaza City. Also Read Israeli military gear crisis unveiled amid Gaza invasion plan Zamir hasn't said why he made this choice, but experts think it has to do with the army's inability to carry out such a large-scale action without losing a lot of soldiers. The Israeli military is under a lot of stress after almost two years of heavy fighting on the ground in Gaza, which has caused a lot of damage and a blockade meant to starve the people there. Reports say that a lot fewer reserve soldiers are answering the calls to duty, tanks and other armed vehicles are getting badly damaged, and more and more troops are experiencing mental stress. Because of these problems, the army's leaders aren't sure if any big attack will work or even if it will just focus on Gaza City. Former top military, Shin Bet, and Mossad officials have often asked what the war Netanyahu started on October 7, 2023, was for. Many people say that his military tactics have backfired and hurt Israel's image around the world while failing to beat the Palestinian resistance. Some think that the scaled-down plan to focus on Gaza City has the same operating risks as a full control. Military officials are still worried about losses that could happen on the ground, such as troops leaving the fight while they are being attacked, which could lower confidence and quickly spread among forces. Some people think that Netanyahu may be using the Gaza City plan more as a political tool to put pressure on Hamas than as a firm promise to go to war. Critics say that he keeps trying even though he is failing more and more because he wants to keep his political power, keep working with far-right groups, and avoid going to jail. Netanyahu is under more and more pressure from the rest of the world, especially European countries that are threatening to stop sending arms and apply sanctions. At the same time, the Palestinian resistance keeps showing strength on the ground and is still adamant about finishing the war, which makes any Israeli attack very difficult. Analysts say that Netanyahu's habit of announcing new "decisive" military plans after every failed operation without changing the balance of power could cause Israel to suffer more strategic and political losses. Military experts think that the resistance still has a lot of power to change the result, even if the Gaza City plan fails before it can be put into action.
Jordan Times
4 hours ago
- Jordan Times
Jordan, Egypt sign agreements to boost cooperation, multi-sector partnerships
AMMAN — Jordan and Egypt on Tuesday concluded the 33rd session of their Joint Higher Committee by signing nine agreements aimed at enhancing cooperation across multiple sectors. The meeting was co-chaired by Prime Minister Jafar Hassan and Egypt Prime Minister Mostafa Madbouly. The agreements span key areas including energy, electricity interconnection, investment, industry, tourism, transport, and transit. Both countries reaffirmed their commitment to building on their longstanding fraternal ties, guided by His Majesty King Abdullah and Egyptian President Abdel Fattah Al Sisi, to promote mutual interests, according to a Prime Ministry statement. Prime Minister Hassan described Jordan-Egypt relations as a benchmark for Arab cooperation, highlighting that regular committee meetings since 1985 have deepened collaboration across numerous fields. He also pointed to continuous growth in trade volumes, increasing Jordanian private sector investment in Egypt, and expanding opportunities in tourism, transport, and transit. Hassan emphasised the shared commitment to broadening cooperation in energy and electricity networks, including activating the trilateral mechanism involving Iraq. Addressing economic challenges common to both countries, he stressed that creating job opportunities for youth is a top priority underpinning the Economic Modernisation Vision, which seeks to attract investment, stimulate growth, and boost employment, the statement said. On regional matters, Hassan affirmed that Jordan and Egypt stand united on key challenges, foremost the Palestinian cause and the ongoing Israeli war on Gaza. Both prime ministers condemned the "brutal" conflict, called for intensified efforts to end the aggression, ensure the delivery of humanitarian aid, reject starvation tactics in Gaza, and oppose provocative actions in the West Bank and Jerusalem. Hassan lauded Egypt's significant role in Gaza, noting ongoing coordination at leadership and ministerial levels, according to the statement. Regarding Syria, Hassan reaffirmed Jordan's support for the new Syrian government's efforts to restore security, stability, and prosperity, and to address pressing challenges through cooperation. Madbouly highlighted the deep-rooted bilateral relations and voiced Egypt's eagerness to remove obstacles hindering economic cooperation, citing energy, gas supply, and electricity interconnection as exemplary areas of partnership. He also affirmed both countries' rejection of any attempts to alter the demographic or geographic status in Gaza or the West Bank. Madbouly stressed that Egypt and Jordan maintain full coordination on developments in Gaza, the West Bank, and other regional issues. The agreements signed include an executive programme for scientific cooperation between Jordan's Ministry of Planning and International Cooperation and Egypt's National Planning Institute; an executive programme between Jordan's Free and Development Zones Group and Egypt's General Authority for Investment and Free Zones and a memorandum of understanding on consumer protection, according to the statement. Additional agreements cover cooperation in local development, protecting cultural heritage and combating illicit antiquities trade, a memorandum of understanding between the finance ministries of the two countries, an executive programme for youth cooperation (2025–2028), a programme to implement a memorandum of understanding between the ministries of Awqaf (religious endowments) and an agreement on government procurement cooperation.
