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Ministers Approve NIS 6 Billion for Coronavirus Payout

July 20, 2020

by: Itamar Eichner and Gad Lior

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The government approved a plan to deliver 750 shekels for each citizen and up to 3000 shekels for each family.

Monday, 20 July 2020 | The government on Sunday approved the budgetary request by Prime Minister Benjamin Netanyahu for a cash stipend to citizens announced last week, though ministers insisted on a more deliberate effort to help those in need and not a universal distribution to all.

Netanyahu and Finance Minister Israel Katz said the government would deliver 750 shekels [US $218] for each citizen and up to 3000 shekels [US $875] for each family.

The inner cabinet on economy—comprised by the prime minister, Defense Minister Benny Gantz, Finance Minister and Economic Minister Amir Peretz—will meet in the evening hours to determine how the money is to be distributed with legislation to be tabled by Tuesday, according to the government’s statement released at the end of the cabinet meeting.

Netanyahu told ministers the six-billion-shekel [US $1.75 billion] influx of funds to citizens would jump-start economic activity. “Speed is of the essence,” he told the government, insisting that any plan that would place criteria for identifying those in need would take too long.

Posted on July 20, 2020

Source: (Excerpt from an article originally published in Ynetnews on July 19, 2020. Time related language has been modified to reflect our republication today. See the original article at this link.)

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