Israel’s War Costs Seen Rising $7.5 Billion on Gaza City Assault

Israel’s push to take over Gaza City is expected to add 25 billion shekels ($7.5 billion) to the war bill through the end of the year, according to an Israeli government official.

The added costs — equivalent to more than 1% of Israel’s gross domestic product — will pile onto the 204-billion-shekel military tally for the almost two-year war in Gaza, which spread to Lebanon, Iran, Syria and Yemen. Reservists’ salaries, ammunition and missile interceptors make up the bulk of spending, the official said on condition of anonymity to discuss sensitive matters that haven’t been made public.