VOL. XLVI

No 24

16-June-2003

PALESTINE/ISRAEL

BUDGETS AND REVENUES

Intifada Has Cost Israel $3.7Bn Over 30 Months

The Palestinian intifada in the occupied territories has cost Israel a total of NIS16.5bn ($3.73bn) over the past 30 months and caused the worst recession in Israels history, according to a report in the Israeli business newspaper Globes. The report says that there has been a substantial increase in direct and indirect defense spending due to increased operations of the Israeli Defense...