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Gaza war has cost $2.5 billion so far, says Israel's defense ministry

Published: August 22, 2014
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Source: I24

That amount is just the military cost and does not include the cost to the economy overall

There's a popular phrase, "follow the money," which suggests that if you want a complete picture of a given situation, you need to examine its financial underpinnings.

Journalists don't typically talk about Israel's Operation Protective Edge in terms of money, but there is no doubt it has been very expensive.

Israeli defense officials told Ha'aretz newspaper that as of Wednesday, the operation's cost had surpassed 9 billion shekels ($2.5 billion). Meanwhile, Israel's Finance Ministry believes the cost of the war is closer to 7 billion shekels. This could drastically affect the Finance Ministry`s attempts to stay within its budget goals.

For instance, putting just a single soldier on reserve duty costs the government about 500 shekles a day. Since 60,000 reserve soldiers have been called up at present, that costs the government 30 million shekels per day.

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