Gantz orders formation of Emergency Economy Committee

By Judah Ari Gross 12 May 2021, 6:39 pm

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Judah Ari Gross is The Times of Israel's religions and Diaspora affairs correspondent.

Defense Minister Benny Gantz orders the formation of a so-called Emergency Economy Committee, giving the government control over the country’s economy in order to ensure that critical items and services can be provided to Israelis in wartime.

The issuing of an Emergency Economy Committee order is a rare move, one normally done before a major military operation or after a natural disaster.

Defense Minister Benny Gantz visits the Israel-Lebanon border on November 17, 2020. (David Cohen/Flash90)

“The defense minister will be at the head of the Emergency Economy Committee and through that will work to instruct government ministries and operational bodies to ensure the regular functioning of the economy,” his office says.