According to the English section of webangah News Agency, citing Mehr News Agency and Ma’an, Israel Katz, the Israeli Defense minister, emphasized that Tel aviv’s decision to increase the Ministry of Defense’s budget is crucial amid unprecedented security challenges ahead, including threats from Iran.
Katz added that raising the defense budget is necessary to counter Iranian threats and achieve Tel Aviv’s objectives in the Gaza conflict.
Earlier, Channel 13 TV quoted Israel’s Central Bureau of Statistics reporting a decline in favorable economic indicators for Tel Aviv in the second quarter of this year. This marks the first such drop since the Gaza war began.
The report noted that confrontation with Iran has negatively affected Israel’s economic developments and indicators.
Previously, Maariv newspaper acknowledged that conflict with Iran has cost Tel Aviv tens of billions of shekels.This figure is estimated to reach up to $14 billion USD.
Israeli media also reported that expenses related to the attack on Gaza have so far reached $81 billion USD.
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