Live Update 
From the Liveblog of
Sunday, February 20, 2022
From the Liveblog of
Sunday, February 20, 2022
Government approves Liberman’s NIS 4.4 billion plan to lower cost of living
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Prime Minister Naftali Bennett (C), Finance Minister Avigdor Liberman (R), and Economy and Industry Minister Orna Barbivai share the government's plan to address cost of living in a Jerusalem press conference, February 9, 2022. (Government Press Office)
The government votes to approve Finance Minister Avigdor Liberman’s NIS 4.4 billion ($1.4 billion) plan to lower the cost of living.
Some portions of the plan — including tax breaks for young working families with children — will require legislation that is expected to be introduced in the Knesset in the coming days.
The terms of the plan, unveiled earlier this month, also include childcare subsidies, a negative income tax to approximately 300,000 low-wage earners, canceling the excise taxes on coal and reducing tariffs on multiple imported products including food, toiletries and furniture.
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