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Israel’s economy rocked by war against Iran

Tel Aviv, June 23 (Prensa Latina) The costs to Israel of the war launched against Iran amount to approximately 20 billion shekels (more than 5.7 billion dollars), the economic daily Calcalist revealed.

According to the newspaper, spending on security equipment is estimated at approximately 15 billion shekels (4.3 billion dollars), and the rest would be used to cover the compensation fund for damages caused by the Iranian missile strikes.

Markets are forecasting a public deficit exceeding six percent of the Gross Domestic Product, the publication noted.

Quoted by Calcalist, Ram Aminoach, former financial advisor to the Army Chief of Staff, stated that the cost of the war is rising very rapidly.

He explained that the expenses include the use of munitions, including the Arrow 3 interceptor missiles ($288,000 each), aircraft flights ($25,000 per hour, with approximately 1,500 sorties already flown), and salary payments.

The first two days of the attack alone cost approximately $1.537 billion, the retired general and financial specialist stated in recent statements to the Yedioth Ahronoth newspaper.

According to the expert, the Armed Forces’ first massive attack against Iran, carried out in the early hours of Friday, June 13, cost approximately $632.5 million.

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