Israel estimates $17.5B cost of 40 days of war on Iran, Lebanon

The Israeli Finance Ministry estimated the cost of 40 days of war on Iran and Lebanon at around $17.5 billion, the Israeli Channel 12 reported on Thursday, Anadolu reports. Direct military expenditures for the ongoing conflict with Iran and Hezbollah are estimated at around 40 billion shekels ($12.9 billion), the report said. Civilian costs are projected at around 13-14 billion shekels ($4.2-4.5 billion), bringing the total to roughly 54 billion shekels ($17.5 billion), the channel added. The figures are preliminary and expected to be updated, and do not include future reconstruction costs or losses to gross domestic product caused by the partial shutdown of the economy during the war. The Finance Ministry has also allocated about 7 billion shekels ($2.3 […]