Politics
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Publish date16 Sep 2014 - 12:00
Story Code : 169021

Israeli premier calls for hike in military budget

Israeli Prime Minister Benjamin Netanyahu has called for a hike in the military budget after Israel's recent onslaught on the besieged Gaza Strip.
Israeli premier calls for hike in military budget


In a Monday statement, Netanyahu further noted that such a rise in the military budget would likely involve “several billion” Israeli shekels.

The financial cost of the war on Gaza is estimated by many experts at around three to four billion dollars.

The Israeli regime says it has spent more than $2.5 billion (1.9 billion euros) for 50 days of bombardment against the besieged Gaza Strip.

On September 2, Moshe Yaalon, the Israeli minister of military affairs, put the expenditure of the war on Gaza at “more than nine billion shekels.”

Israel started pounding the Gaza Strip in early July, inflicting heavy losses on the Palestinian land. Almost 2,140 Palestinians, mostly civilians, including women, children and elderly people, were killed in the Israeli onslaught. Around 11,000 others were injured.

Tel Aviv says 72 Israelis were killed in the conflict, but the Palestinian resistance movement Hamas says the number is much higher.

The Israeli war ended on August 26 with an Egyptian-brokered truce, which took effect after negotiations in Cairo.

Palestinian experts say it costs more than $7.5 billion to rebuild the besieged Gaza Strip.

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