The bank estimates that about $54bn (210 billion Israeli shekels) will be spent on the war in Gaza between 2023 and 2025, according to Israel’s Channel 12. Since October 7, Israel has invested $6.6bn (24.7 billion Israeli shekels) in the war, including in reinforcing Israel’s borders and funding for the more than 100,000 people displaced from the north and south of the country, the report said. Israeli soldiers carry heavy shells past battle tanks deployed at a position along the border with the Gaza Strip and southern Israel on December 31, 2023.
