Cabinet approves Netanyahu, Katz’s economic relief package

The cabinet has approved Prime Minister Benjamin Netanyahu’s economic relief package.

The measures include:

An extension of eligibility for unemployment benefits through June 2021; “adjustment grants” for those above the age of 67, through the end of 2020.

A bimonthly grant of NIS 15,000 for self-employed businesses hit by the pandemic, through June 2021.

An extension of expenses reimbursement for businesses whose revenues were hit by at least 40% by increasing the maximum grant to NIS 500,000 per round.

An extension of the permit allowing veterans to take out money from their discharge deposit.

Tax exemptions for those withdrawing from their trust funds.

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