Knesset Approves NIS 7.2 Billion Coronavirus Relief Package


The Knesset (Israel Parliament) passed a NIS 7.2 billion ($2.1 billion) coronavirus aid package Monday night.

The plan includes NIS 4.2 billion ($1.2 billion) for Israel’s Education Ministry to fund the “Studying in Safety” program, created to help the education system operate during the COVID-19 pandemic.

In addition, NIS 1 billion will be put towards supporting Israelis who are struggling to pay their income tax.

Finance Minister Israel Katz decided to put NIS 2 billion towards “promoting accelerated depreciation,” in order to allow manufacturing industries “double depreciation” on their machinery and equipment, according to Israeli daily newspaper Calcalist.

Read more at i24NEWS.



Please enter your comment!
Please enter your name here