NEWUSER
08-12-2006, 08:45 AM
With the end of the first month of the Israeli aggression on Lebanon, news started to flow about Israel losses which reached three billion dollars, despite official blackout in this regard.
The Israeli Jerusalem Post Newspaper has reported from the Minister of Finance Afraham Hirshsn his saying he is despite the non knowledge of the total cost for the war until now, the estimations point that it reached in the military sector seven billions shekels ( 1.6 billion dollars ) in addition to the hundreds of millions of the shekels .
And Hirshsn added that it decided the transfer of 2.2 billion shekels ( 500 million dollars ) from the different economic sectors by the budget of 2006 for the support of confrontation in the North .
And the daily military spending reaches in Israel about 22 million dollars . And Israeli economic sources estimated before the daily losses at about 120 million dollars .
And the Ministry of Finance saw that it surpassing the expected budget will not take place to year 2006, and that is in an attempt at the reassurance of Israelis on the non effect of war on their country economy .
But this the assurance they will not resist a lot in front of other internal statements about the effects of war on the saving since it warned the president of the central bank of Israel Stanley Fisher That the continuation of war will cause serious damages to the economy and holding changes will be necessary in the economic policy . And Fisher refused for the treatment of this damage the taxes raising idea that economic and political environments presented .
And the reports of Israel bank showed the retreat of the taxes toll by the value of four hundred million dollars . And the total of Israel budget reaches to current year about 63 billion dollars that securing 70 % of it takes place through the collection of taxes .
That comes while the previous Minister of Finance and the party leader of opposing Likud said Beniamin Netanyahu, the war will increase the stagnation and the inflation by the ratio of 1.5 %.
Also Israeli estimations showed that the war will lead to the retreat of local product by the ratio of 1 %, and the economic growth by about 2 % about the expected so that it comes to 3 %
And for the tourism sector it has been exposed to what resembles the paralysis after it was expected that it yields an income with a value of 3.5 billions dollars, and the tourism lost with the industry sector about 1.2 billion dollars .
And the missile bombardment led to the Hezbollah to the destruction of 20 factories in 60 countries, and the closure of 70 % of the North factories in addition to the destruction of a number of the stores.
source: http://www.aljazeera.net/NR/exeres/B467DC82-CE63-4D70-8F85-0E4BE2A8F7C2.htm
Arabic to english: ajeeb.com
The Israeli Jerusalem Post Newspaper has reported from the Minister of Finance Afraham Hirshsn his saying he is despite the non knowledge of the total cost for the war until now, the estimations point that it reached in the military sector seven billions shekels ( 1.6 billion dollars ) in addition to the hundreds of millions of the shekels .
And Hirshsn added that it decided the transfer of 2.2 billion shekels ( 500 million dollars ) from the different economic sectors by the budget of 2006 for the support of confrontation in the North .
And the daily military spending reaches in Israel about 22 million dollars . And Israeli economic sources estimated before the daily losses at about 120 million dollars .
And the Ministry of Finance saw that it surpassing the expected budget will not take place to year 2006, and that is in an attempt at the reassurance of Israelis on the non effect of war on their country economy .
But this the assurance they will not resist a lot in front of other internal statements about the effects of war on the saving since it warned the president of the central bank of Israel Stanley Fisher That the continuation of war will cause serious damages to the economy and holding changes will be necessary in the economic policy . And Fisher refused for the treatment of this damage the taxes raising idea that economic and political environments presented .
And the reports of Israel bank showed the retreat of the taxes toll by the value of four hundred million dollars . And the total of Israel budget reaches to current year about 63 billion dollars that securing 70 % of it takes place through the collection of taxes .
That comes while the previous Minister of Finance and the party leader of opposing Likud said Beniamin Netanyahu, the war will increase the stagnation and the inflation by the ratio of 1.5 %.
Also Israeli estimations showed that the war will lead to the retreat of local product by the ratio of 1 %, and the economic growth by about 2 % about the expected so that it comes to 3 %
And for the tourism sector it has been exposed to what resembles the paralysis after it was expected that it yields an income with a value of 3.5 billions dollars, and the tourism lost with the industry sector about 1.2 billion dollars .
And the missile bombardment led to the Hezbollah to the destruction of 20 factories in 60 countries, and the closure of 70 % of the North factories in addition to the destruction of a number of the stores.
source: http://www.aljazeera.net/NR/exeres/B467DC82-CE63-4D70-8F85-0E4BE2A8F7C2.htm
Arabic to english: ajeeb.com