Bibi Takes ‘First Step’ in Getting Israeli Economy Back on Track

Stand for Israel  |  July 13, 2020

Israeli Prime Minister Benjamin Netanyahu wears a face mask against Covid-19, bearing the US and Israeli flags, during a press conference with US special representative for Iran at the prime minister's office in Jerusalem on June 30, 2020. (Photo by ABIR SULTAN / POOL / AFP) (Photo by ABIR SULTAN/POOL/AFP via Getty Images)

As the coronavirus pandemic continues, so do the economic woes it has caused – in Israel, in the U.S., and elsewhere. But Israeli Prime Minister Benjamin Netanyahu and the Jewish state’s government have plans to combat the pandemic’s negative effects. Our friends at Israel Hayom tell us what Netanyahu and his cabinet plan to do:

PM Netanyahu promised Israelis on Sunday that he would not relent in his effort to help them cope with the economic hardships caused by the months-long coronavirus pandemic.

Netanyahu presided over a cabinet meeting Sunday with his ministers to approve a whole host of measures aimed at reducing the economic burden placed on Israelis who have lost their jobs or seen a major reduction of income due to the pandemic’s woes…

“Last Thursday, I announced – together with the finance minister – an economic safety net for the coming year. Today, we will submit the first step of this plan to the cabinet. We will declare an immediate advance to the self-employed and controlling shareholders,” Netanyahu said shortly before the ministers approved the measures.

“This support, this grant, is not dependent on legislation and we have instructed that it be put into effect today. The button will be pressed and the money will reach accounts in the coming days. I also intend to closely monitor the implementation…”

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