Diplomacy & defense
There's a popular phrase, "follow the money," which suggests that if you want a complete picture of a given situation, you need to examine its financial underpinnings.
Journalists don't typically talk about Israel's Operation Protective Edge in terms of money, but there is no doubt it has been very expensive.
Israeli defense officials told Ha'aretz newspaper that as of Wednesday, the operation's cost had surpassed 9 billion shekels ($2.5 billion). Meanwhile, Israel's Finance Ministry believes the cost of the war is closer to 7 billion shekels. This could drastically affect the Finance Ministry`s attempts to stay within its budget goals.
For instance, putting just a single soldier on reserve duty costs the government about 500 shekles a day. Since 60,000 reserve soldiers have been called up at present, that costs the government 30 million shekels per day.
This does not even touch on the economic damage to small businesses—restaurants, stores and other operations whose clients have stayed home during the war.
Two large-budget American productions, DIG and Tyrant, also pulled out because of the war, costing local film workers about $30 million in lost pay.
One sector of Israel's economy that is likely to benefit from the war is the defense technology industry. Technologies that proved themselves on the battlefield are likely to be in demand from the Israeli military and clients abroad.