Finance Ministry announces NIS 2 billion aid package for businesses

Finance Minister Israel Katz and Prime Minister Netanyahu have decided on a new NIS 2 billion ($580 million) aid package to help compensate Israeli businesses for lost revenue during the coronavirus pandemic.

“The prime minister and finance minister noted the goal of the program is to allow an immediate flow of substantial sums of money to self-employed [workers] and the businesses sector… to help them get through the crisis,” a Finance Ministry statement says.

According to the statement, the two also agreed to continue grants to businesses that have brought back workers.

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