Netanyahu announces $2.8 billion package to help economy through crisis

Prime Minister Benjamin Netanyahu announces an NIS 10 billion ($2.8 billion) package to stabilize the economy amid damage caused by the coronavirus crisis and to “allow the economy to continue to function.”

He adds: “The state of the Israeli economy is better than most world economies. The financial system is strong and unemployment is low. These are big advantages in entering this crisis. This is a challenge we believe we can manage, in order to eventually traverse it safely.”

Netanyahu says he does not expect a shortage of goods in the country over the heavy flight restrictions as the vast majority of goods arrive by sea and “we’ll make sure that is not harmed.”