check the north of hebron with others killed during and attempted a tax on his rarely soldiers. the 2nd such attack on a check point in as many days they were using small hand made some machine guns synonymous with past uprisings, leaving the dead to rest in the occupied territories for, for the part of the fire, they must h. c, raise the martyrs, uplift the whole woods. refusing to be ignored, refusing to go quite the same beside the old to 0. remo law can be occupied by some other world news. now that ukrainian military says it's conducted a series of successful operations on the east and back off the bank rather of the debate for river and the keeps on region. the army says it's secure to strong attack position, as it's counter offensive against russia's military continues. rob mcbride has moved from the capital keys, more reports of fighting, continuing,

and possibly intensify on the left or east bank of the the pro river, a way of ukrainian forces do seem to have a stablished over the past few weeks. a breach had adult possibly advancing further . the russians had meeting just a couple of days ago for the 1st time that the ukrainians have effectively established the presence on what is technically the side of the river. but russian military bloggers are claiming that further attempts it advances by the gradients they say have been repelled. everybody's to be seen how significant this is. whether this is a further cancer offensive attempt by the ukrainians and questions were made about whether they can get on the due dates across the didn't the pro river to support this. but the advantage of this part of the front line is that it is far less well defended by the russians than other parts of the front line. for example, around a sufferer riggio where defense is off deep,

where the main come through offensive by the gradients has been taking place but has been running into a very severe difficulties a foot more immediately. it does seem as though the ukrainians are trying to push back russian forces and russia, not hillary, from the didn't the pro river because they continue to show the city of have a song which was liberated a year ago. but he is continuing to come under russian shelling with the latest reports saying that's a number of bull. a civilians have been killed and injured in the hassle region. rob mcbride, i'll just say era. keith petrie sanchez has bands. one of his pains, prime minister, he took his always of office in front of king philippe the 6th and the ceremony and madrid. the socialist lita was re elected for a 2nd time by parliament on thursday. and that set from elizabeth per item for this bulletin to stay with us. the news continues here on al jazeera, after counting the cost. so many politicians want to be the republican party's candidate for the any stand, a chance it gets. donald trump,

if our planet is burning and we're running out of time, why aren't we doing more to deal with climate change? our american politics just getting to, i've been to a screen for most americans because it can look us politics, the bottom line, the 0 venue, this is counting the cost on algebra 0. your weekly look at the world of business economics. this week and economy in ruins and united nations warns the warm dogs that could set back development and the palestinian territories by more than a decade. also this week, spending billions of dollars to finance for israel's central bank says the conflict has a major shock to the country's economy. plus on the edge of the of this is spill over

of the warrant 11 on could shatter what's left of lebanon sprintzel. and that the palestinian territories are dependent on israel for their labor and goods markets and for basic services like water and electricity. they are locked in a cycle of under development caused by decades of it's really restrictions and occupation. palestinian g. d p stood a just over 20000000000 dollars last year by comparison. israel's economy is worth nearly $500000000000.00 where you and says the war on gaza could set back development by as much as 16 years. and the longer the conflict goes on, the worst things will get in a recent report, the u. n says g d p in the palestinian territories as full and by more than 4 percent, this is after one month of war. that's a bigger impact than any previous israel, palestine war. 2 full months of conflict would cut g, d p by an estimated 8.4 percent,

or 1700000000 dollars and 3 months of war. now you're looking at 2 and a half $1000000000.00 in g d. p. loss of the war is also devastating. the labor market, 61 percent. that's the majority of all jobs in gaza. 61 percent of jobs and gaza had been raised and then the occupied westbank. 24 percent of jobs are gone. one quarter. the poverty figures are alarming. the number of palestinians living in poverty has risen by 20 percent, and that could soon be 34 percent. if the war continues for a 2nd month, that means nearly half a 1000000 more people living in poverty. now the war has had a devastating impact on gases economy, and that's no surprise when you see flattened buildings in an entire population under fire. we covered that in previous shows, but the u. n. has also drawing attention to the massive economic disruption in the occupied westbank. and today we're focusing on that. the territory has effectively

been sealed off from israel since october the 7th. and what has been described as another form of collective punishment. palestinians and their goods cannot get into his real farmers have seen prizes collapse as their produce ends up dumped in local markets. bernard smith, reports from beta of the crops are ready for harvesting the palestinian, the farm as of last access to the main customers in his route since october, the 7th, as well as military has effectively sealed on the occupied west bank, well, sell it the jordan valleys palestine, food basket, well, we produced most of the west banks, proud of its pers codes that's opening and everything comes from this range. i don't think that when the crossing squeeze rail are closed, all of these goods go to the local market, which causes the process to drop on some days we don't sell anything. i need to

check is just getting to mock it is a challenge. palestinians are forced to takes acute as roots through the occupied westbank to avoid is rarely supplements the quickest route for us to days 40 kilometers. it should take 30 minutes, but it's only open to his regular palestinians will have to take a major d tool and let them know, and i'll have it on the, at the 110 kilometers to on june. in the past 5 weeks, more check points and road closures of a p, it doesn't, isn't, that isn't good enough for, but as a some check points are only open from 9 am to 6 pm. this causes problems and it also causes harm to the small villages we have to teach or through 90 minutes later we get to the market. it's almost deserted before october, the 7th. this was a wholesale market with fruit from israel and vegetables from the west bank. but now israel has put in a check point just outside there and that's choked all access to the market.

because it's stopping palestinians using a main road that passes through a nearby village and these rays of done not to protect the settlers who live all around. prices of vegetables have more than 100 shifts have been cut. some businesses have closed down highly economically, constantly afraid. so much so that when we come to work, for example, like, you know, i'm from novelist and i have to leave home at 1 in the morning when the check point isn't busy. because if i get a late to, i could be still for more than 2 hours, which impacts my work here. i supplements expand new ones appear. those weights at check points get longer and longer significantly disrupting businesses as well as the lives of the palestinians, forced to enjoin them. burnett smith, i'm just sierra beta and the occupied westbank from ramallah any palestinian occupied territories. i'm joined now by roger holly, the director general of the palestine economic policy research institute. thank you

for being with us. we saw in that report by bernard smith, some of the ways in which an occupying power in this case is real, can squeeze the economy of an occupied territory. we saw a know that there is no freedom of movement or there's limited freedom of movement . limited access to other markets, in this case, access of policy in goods to the is really market. what are the other factors that our viewers should keep in mind? or yeah, i think is a report actually focused on something which is critical and which is yet to be as, as one of the many shocks that were, were experienced economically is yet to be felt fully. we've already in the west bank that is experienced the 1st thing important shock absorb which is the return of around 200000 up 220-0000. but the standards we used to work in is early, and we used to bring around $3000000000.00 in to the published in an economy, approximately 15 percent of its natural income. so those people are not, not only no longer being in that, that, that income for 2 months probably 3,

possibly for the rest of the year of next year. but uh, they are now an additional uh, 1570 percent of labor force which is sitting in the west bank unemployed. so that's, that's an example of the, of the 1st shop. we've had others, palestinian arabs in israel, who used to bring in around $1510000000.00 here, and the economy and purchases and services. they stop coming. these are some of the immediate shops, the clearance revenue cut off by a israel, which anyhow, is going to go down because of the repressed demand. so and less and $0.40 less trade tax. uh, but the actual total we were can we fully reflect is, can we focus on that? the moment is real with holding palestinian tax that it should normally and wouldn't normally transfer it to the palestinian authority. and now that transfer of money, palestinian money into the palestinian authority has been disrupted. what is the

impact of that? you see, i find your, your report was very useful in that it talked about something very specific that they've added an extreme local market around them. there's an experienced situation today, but this is something that it's is structural in our economy and it's worse and better from day to day from year to year. similarly, the, the clearance tax issue, israel has been withholding, deducting unilaterally around 15 percent of what is due to the p a for the last 3 years and, and, and transferring what remains, what it decides it, it is willing to part ways of posting revenues. now in october it went further. so previous deductions included it's calculation of posting and present hers and martyr's payments at night were made by the p a in the most in october. the episode, as you were called at the end of the months, the minister of finance, the extreme is a minister of finance month that you didn't want of course to him and his allies

didn't want to transfer anything. because basically, you know, as they are punishing the whole house, didn't people in gaza, they're punishing the rest. the boat is going to people and this is the best way to punish the. so there was a huge argument, obviously amazing american pressure and whatever. and so they said, i mean is typical of israel and said, okay, we'll, we'll transfer everything but the power shift portion that the pay i used to pay 2 guys forward the employees in gauze and pensions in god, i around a 100000000. so what was huge, monthly, a $300000000.00, let's say clearance tax transfer the be a was anyhow, a down to around $250000000.00 because of repressed amount and was gonna be another $100000000.00. was going to be taken off to the p. a said, we're not going to take it, you know, which was a correct position, i believe in the circumstances. one more thing before i let you go, the impact over time of this war. but how do you assess that, even if this war worth it,

and now look at the numbers quoted by the you and the p u. n. s. the report are good 1st, you know, back of the envelope calculations, we're all doing our calculations. different and institutions are looking at different issues. we've looked at things that we have a paper which will come up very soon on the impact of the labor force cut off. and so, i mean, there are so many different waves coming at us to begin with. and i think this is something we're gonna have a chance to talk about. but you know, gaza is, is, is we can no longer talking about the west bank and both in the palestinian economy is one if they're not talking about westbank, uh, economy, east jerusalem economy, which is another story. and of course, does that mean how guys is 0 does, does, does the commission, the idea that there are even 20 percent of its labor force working in the, at the currently is, is almost, you know, fantastic. and the also the idea that somehow this economy is just going to pick itself up if tomorrow the, the fighting were to and, but we're already talking about, put aside the 10s of billions that we regard for relief and reconstruction. we're

already talking about an annual blow to g, d p and the gross national income of up to 20 to 30 percent. i think this year in the coming in. so it's 4 percent a month is perhaps accurate. but this is a cumulative in a cumulative and a wave after wave effect that will be st. paul here in the old next year, regardless of roger holidays. thank you so much for all that context or director general of the palestine economic policy research institute. thanks for your time today. thank you very much. i the consider the economy of israel now from restaurants to high tech companies and a major gas field. thousands of is really business is ground to a halt after the country launched as war on garza. the government is now spending more on everything from weapons to wages for the hundreds of thousands of reservists that it called up the military duty. the finance ministry estimates the war is costing the economy around $260000000.00 every day. now that's more than

a quarter of a $1000000000.00 every day. meanwhile, israel's revenue from tories and household spending has dropped. so public finance is of course or strange. a couple more numbers for you to bear in mind is real says that it raised more than $8000000000.00 in debt since the war started. the budget deficit is increasing. it's expected to reach 4 percent of economic output this year, 5 percent in 2024, and the cost to insure itself in bonds against the default is more than double what it was before the war began. the calculus, business newspaper estimates the war could cost as much as $51000000000.00. that's nearly 10 percent of israel's g d p. and that is if the conflict goes on for up to a year. and the bank of israel is calling on the government to balance 2 things. support economy on the one hand, but also maintain a sound fiscal position. a prime minister benjamin netanyahu has about 2 quotes,

open the taps and to roll out the stimulus package bigger than during the cobit 19 pandemic. that includes the cash handouts, the army reservists and businesses affected by the war. but critics say the measures did not go far enough and the eligibility criteria specifically to get that government money work to strict. i want to discuss all of this. i'm joined now by professor michael ben. god michael is professor of economics at city university of london. like all this war, we just said that number is costing is really a quarter of a $1000000000.00 a day, slightly in excess of that. why does this war come with a higher price tag for his real than previous wars? it has wage. we're thinking for instance, of the 2611 on oh, hello. so 1st of all, the number of from countries i think is probably the worst case scenario. yes, the direct costs are likely to be about $20000000000.00 over the course of this

year. and next of which about a 1000000000 is direct defense expenditure, which is more than covered by the us in package that we've received. the $14000000000.00, which is the risk will be used to support the $200000.00 to us of williams currently displaced. once the government gets actually gather and um and then rebuilding the 22000 villages destroyed to the initial attack. of course none of that can actually happen. so that's probably sometime late next year because know is going to increase the live alongside the go because the strip as long as it's controlled by from us. so the direct effect a is probably in terms of a loss of output is probably means a reduction in growth from about 3 percent to 1.5 percent. that means the loss of about $7700000000.00. again, how much next year depends on how low the world allows. i think

a full year is probably of the stream and keep in mind, israel has about $200000000.00 in reserves. so is certainly possible to pay for everything is a rich country. what we need mostly from the united states was right guys with the united states and so supported. but we really need is the ability to out by the weapons. because it's, it's really not possible for us to produce, given the economies of scale everything that we, we require. of course it would be a lot better if we didn't have to spend the money on, on these kinds of things. if it were my horse, and since you bring up the sensor, bring up the role of the us. that's a question i wanted to ask you later, but ask you now, what happens if the us were to downsize down scale is financial support is real, could, is, will continue to prosecute the war the way it's been doing. oh, absolutely. i, as i said, we have about $200000000000.00 on that service. i mean, yeah, my students back in use. oh, has asked me why it is that a country with

a funny exchange rate has such an enormous work? trustworthy sensors. war? yeah, uh, you know, we need this kind of, uh, back stop, precisely for these kinds of emergencies. so the, the money is that the united states was giving us is, you know, we are normally grateful for it. and it's not necessary for us to defend ourselves . what we do need is access to the web, so we do look forward to bias and market prices. we wouldn't be able to use the parcels that's. that's the difference. the prime minister has approved plans to amend the state budget in order to increase the deficit and cut spending on coalition agreements. now this is important just been a political route over these coalition funds, as they're known money earmarked for benjamin netanyahu has backers like payouts. the ultimate orthodox schools and for the various parties comprising the government in a letter sent to nittany. our group of $300.00 leading is really economists of which michael is. one said, quote, the grave below that israel was built requires

a fundamental change and national priorities and a massive diversion of funds to deal with war damage, aid the victims, and the rehabilitation of the economy. now they went on a basic and necessary step would be to hold the financing of anything on essential to war. first and foremost, the coalition funds. why have these coalition funds, michael, so contentious? there are a lot of the institutions because of the, a lot of political calculus about maintaining the coalition. um, you know, these are largely extraneous, the registry areas before the, before the war, they are even more strenuous now. um, so it's not, it's not, it's not even the amounts that we're talking about because again, you know, $3500000000.00 is less than one percent of gp. but they're all sorts of stuff at the time that people are being asked to make sacrifices. the politicians don't seem to be able to uh, to comes of some sort of a consensus about getting rid of

a lot of these things. you know, there was a, a big effort to apply the governments to do what we would call it traditional overall, a change in the way the, the government operates to centralize more power and it sounds. and what is, what is, what, what the attack and so demonstrated is that actually is the civil society that they were trying to weaken. that is actually use little spread stress. and we have a civil society 2nd to none of unfortunately attached to a government that is kind of incompetent at the moment. but you know, there's an optimistic scenario to all of that. and that is, that is easy to replace a federal government, it's much more difficult to change the population. michael, ben gab, professor of economics economics at city university of london. thank you so much, michael. have a sporadic exchanges of fire along the lab and on israel border. continue for a 2nd month. has belies of packing, is really military position, saying that it wants to release pressure on its ally hum us and gaza. many lebanese

fear that their country could be drawn into the war and they worry about further damage to an economy that is already on his needs. say no holder reports from the town. so long lebanon's border with israel are empty homes abandoned and damaged schools, closed livelihoods, frozen a sporadic, and the times intense cross border exchange is a fire is and it's the 2nd month. hezbollah says it is relieving pressure on its ally. hum us, which is fighting, is where the soldiers in casa a few 1000 kilometers, deeper into 11 on there is no war, but it's on certain times for a population struggling with an economic crisis. the hospitality sector has been hit hard. the restaurant association reports an 80 percent drop in business. they say people are scared and anxious about the situation. there are days when the

streets are empty. several western in arab governments have called on their citizens to leave or not to visit living on. many airlines have scale back or canceled flights to and from baby boot, whatever is going to happen even live in on water, potentially water between us and israel. and so it's really to bring this economy into a depression. we're already into something called the speculation. but the right now it's, it's becoming a depression and the economy has people leaving. we have no doesn't, no, nothing is coming. many lebanese were already struggling to put food on the table 11 on the economy collapse years ago, instead of carrying out much needed reforms. politicians use the dwindling foreign currency reserves at the central bank. now the state is nearly bankrupt and it's institutions are dysfunctional tourism and remittances from lebanese abroad have

been the backbone of the economy. and while people here sympathized with the palestinians and their struggles, many fear a repeat of the 2006 war between hezbollah and israel. the most is you're the, a lot of people are worried. we're hoping nothing will happen. so people are afraid that these relays will hit the roots as well. what is happening in the south is very bad. tens of thousands of lebanese have already left their homes, a full blown war, or even a protracted war of attrition. confined to the border region would be costly for a country already in ruins. center for their elders either be joining us from a route to discuss this is somebody atalla, the director of the independent think tank, the policy initiative savvy. thank you for being with us. so it's been 5 weeks more than 5 weeks now. of the permanent tension between israel and 11 on and cross border firing of various kinds. what's been the impact so far of of this what the

quote of this quasi war between 11 on an israel on level known as economy. a fax. oh, thank you so much for having me and did um the last few weeks where it seemed to be 10 and remains so and uh, as you know, there's been a lot of several anderson lines and 2 more across the border including a, instead of the as long as the, and journalists do use a horse bombs by his right. it has destroyed a lot of, you know, like trees and all of the trees and why life um, and as you know, this is right in boxes and uh, as an a to you would dispense fire and has major long term effects which, where you have to and find, assess more than 10000 people made of law the south or the villages auto share that this would spread. and as it is all on the shredding

of buying history on the border as your and you know, it has been sending the reports. in fact, the tourism has actually declined, the number of fights coming to lebanon has also been reduced. keep our, our point is that by the way, the, the, the, the drop the impact on the tours and sector and let or not it's very important because of the tourism sector in keys. second in the front of me is 11 is rely on tourist, on the heart, courtesy that come with the tourist. so in fact, or consumption, particularly, and disagree stressor and so on, and others through success. so the government says it has an emergency plan. how strong it is, the plan of the lebanese government, because unlike israel that we just talked about, it's not like this country has a lot of cash reserves that it can draw upon briefly. an opportunity. i mean, uh,

11 and the dent or the evidence government to produce a ton of frankie. um, the plan is just a, you know, income paper that up in the state is bank crossed as a result of the financial crisis because it's been and paid for, or for the last 4 years. the agency is much weaker. now people are going to do their job because of the low wages as it is all over the evaluation. we'll get to see the state being really serious about actually conducting or even implementing, if not in any case or now, as you mentioned, the deserves of 11 and has went up to 8000000. but i would say that the professor from uh, is what you're talking about. the $200000000.00 visa. it is my hand. and it's important to some conviction license because in fact in nowhere where i heard that actually does the occupying palestine and has that reserve is loved to defend itself, actually to maintain the occupation. right? so, but that's not what it deserves,

but 1011. and the solution is much more dire as it is all of these very about policies that have actually been uh, the main in place, and then a few years. so while we hope that this actually doesn't escalate because the professions are going to be in all of the country assigned me to tell the director of the independent, the think tank, the policy initiative. thank you very much. time you for your time today. yes. and that's our show for this week. get in touch with us on x at the venue 0 is my handle. do use the hash tag ages to, to see when you do or drop the send e mails on counting the cost at alpha 0, dot net. and there's more as all online that is l 0 dot com slash ctc. you'll find our reports links, entire episode. so you to catch up on that's it for this edition of counting the cost. i'm several then yay! from the whole team here in the house. thank you for joining us. the news on alpha 0 is next. the

with the game on gone, so raging and drawing all the attention, the full civil displacement to palestinians in the occupied westbank escalates. settlers retain late, burned down all of drives or attacks, palestinians in the west bank. so these are the 10 to blind. i will, they help out using intimidation and phonics, we are resting. choose population protected by no one don't coupon westbank the other from the palestinian experience. i care about helping us engages with the rest of the world. we're really interested in taking you in to a place you might not visit otherwise. i feel as if you were there, i mean, the world slow down. we stand for as homes, with kids of global nichols reserves. indonesia is poised to leave the global battery industry. we definitely manage our abundant resources and play

a role in solar energy harness the offerings, 75 percent of global carbon credits essential, committed to environmental protection, enhancing investment climate, digital licensing, your better tomorrow. the, the, the director of the house is on the hospital tells us some newborn babies and all the patients and intensive care have now died. the that says more medical facilities run out of supplies, leaving the india to dive without adequate care. the .