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...
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