A new research study suggests that applying Israeli sovereignty over Area C in the West Bank would cost less than 2 billion shekels a year. “If the policy makers determine that this process is wise in terms of politics and security, the additional spending of less than two billion shekels is certainly one that the economy can handle,” concluded the researchers.







Illustration

Illustration Photo Credit: Reuters/Channel 2 News

Tomorrow (Tuesday), the findings of a new research study that evaluated the possible economic effects of applying Israeli sovereignty over Area C in the West Bank, where 150,000 Palestinians live, will be presented at a conference at Bar-Ilan University. According to the study, which was conducted for the Knesset’s Lobby for Eretz-Israel, the cost the political process of this controversial move will be less than 1.2% of the country’s budget.

The main conclusion of the study is that applying Israeli sovereignty over the area will cost less than two billion shekels a year even in the worst case scenarios. Moreover, the heads of the study said that this public spending would be counterbalanced with the additional direct net national income and other factors that were not included in the study.

“If the policy makers determine that this process is wise in terms of politics and security, the additional spending of less than two billion shekels is certainly one that the economy can handle even if we completely ignore all of the positive effects of the net national income,” concluded the researchers.