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Crime costs Israeli economy over 4 billion U.S. dollars in 2010

06-13-2011 08:17 BJT

JERUSALEM, June 12 (Xinhua) -- Crime-related financial damage to Israel's economy in 2010 totaled 14.7 billion shekels (around 4. 34 billion U.S. dollars), according to a report issued by the Public Security Ministry on Sunday.

The figure accounts for 1.8 percent of the GDP and represents a drop of 2.4 percent from 2009, the report said.

Property and fraud-related offenses accounted for the highest damages - 24.9 and 24.8 percent, respectively, followed by violence (19.6 percent), drugs (14.9 percent), with sexual offenses (4.5 percent) and murder (2.3 percent) capping the list.

The ministry's budget oversight and planning department based the report on an array of damages divided into three categories: defensive and preventive measures in countering crime; personal damages to the victims; and costs incurred by the police and the legal system.

Some of the damages listed in the report include security and insurance costs, stolen property, medical and psychological treatment for victims, as well as the costs of incarceration and rehabilitation of felons.

Despite a minor improvement compared to 2009, ministry officials said crime-fighting should be a national goal, one accompanied by a budget boost for law enforcement agencies.

Editor:Yang Jie |Source: Xinhua

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