Israel facing hefty deficit due to Gaza war costs: Haaretz

Israel facing hefty deficit due to Gaza war costs: Haaretz

A missile is launched by an "Iron Dome" battery in the southern Israeli city of Ashdod on July 14, 2014.

Sat Aug 23, 2014 5:10AM GMT

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Israel’s war on the Gaza Strip has reportedly cost Tel Aviv USD 2.5 billion over the past 41 days, creating a colossal budget deficit for the regime.

So far, Israel has incurred an average daily cost of USD 60 million per day, Haaretz reported on Saturday.

This is while so far, Israel’s Iron Dome missile system has intercepted nearly 600 rockets fired by the Palestinian resistance forces.

Each Iron Dome Tamir missile costs at least USD 50,000 for Israel and in most of the cases the regime has to fire two missiles at each Palestinian rocket.

Pundits contend that continuation of the present conflict will not be economically viable for Israel.  

At least 2,095 Palestinians, mostly civilians, have lost their lives and over 10,200 have been injured despite pressure from the international community on the Tel Aviv regime to end aggression against Palestinians.

Palestinian resistance movements say they have killed more than 150 Israelis in the conflict. Israel confirms 64 were killed.

In mid-August Hamas announced that Tel Aviv is misinforming Israeli people about the number of Israeli soldiers killed in the latest Israeli onslaught on the besieged Gaza Strip.

ASH/NN/HRB

http://www.presstv.ir/detail/2014/08/23/376271/gaza-war-costs-israel-25-bn/