Beirut, Lebanon – A senior Lebanese official revealed initial estimates of the losses resulting from the recent military escalation. He confirmed that the cost of the war has exceeded expectations and cast a heavy shadow on the country’s economy and infrastructure.
The official explained that the damage affected vital sectors, including energy, telecommunications, roads, and public utilities. He also noted widespread damage to residential and commercial buildings, exacerbating the economic crisis already plaguing Lebanon.
He pointed out that the losses are not limited to direct damages, but extend to indirect repercussions including a decline in economic activity, a decrease in investments, and the disruption of the tourism and services sectors. He also mentioned the increasing pressure on public finances.
He affirmed that the government is working on preparing a comprehensive assessment of the extent of the damage, in cooperation with international organizations. This is a prelude to developing a reconstruction plan and securing the necessary funding, given the significant challenges related to limited resources and the high level of public debt.
These statements come at a time of escalating concerns about continued tensions. This could exacerbate losses and complicate recovery efforts, amid local and international calls for de-escalation and a return to a path of calm.
Observers believe that the announced cost reflects the fragility of Lebanon’s economic situation. It also underscores the urgent need for political solutions that guarantee stability and pave the way for reconstruction and the restoration of confidence.
