Israeli press review: Israel’s genocide in Gaza costs over $140bn

Israeli press review: Israel’s genocide in Gaza costs over $140bn Submitted by Nadav Rapaport on Tue, 08/18/2026 - 09:47 Meanwhile, Mamdani features in Likud election billboard, Israeli authorities take over an Unrwa school and clinic, and a 1,300-year-old Islamic-era commercial hub is uncovered near Tel Aviv Israeli tanks and troops deployed near the Gaza Strip on 10 June 2026 (Jack Guez/AFP) Off Cost of Israel’s genocide in Gaza The cost of the Israeli genocide in Gaza has reached some 420bn shekels ($140bn), and is likely to hit half a trillion shekels soon, according to an investigation by TheMarker published on Sunday. “The price of one day of weakness is terrible, and therefore we must not reach that point again,” a former army chief told the Israeli outlet, referring to the military’s failure to prevent the Hamas-led attack in October 2023. “If we had received enough security, there would probably be no need to double the defence budget over the coming decade,” an economic expert told TheMarker, referring to the latest increase in the Defence Ministry’s budget.