Smotrich puts forth emergency aid package for economy amid ongoing war

Sharon Wrobel is a tech reporter for The Times of Israel.

Finance Minister Bezalel Smotrich attends a press conference at the Finance Ministry in Jerusalem on October 19, 2023. (Noam Revkin Fenton/Flash90)
Finance Minister Bezalel Smotrich attends a press conference at the Finance Ministry in Jerusalem on October 19, 2023. (Noam Revkin Fenton/Flash90)

Finance Minister Bezalel Smotrich presents an emergency aid package for the economy, which he says is more generous than during the COVID-19 pandemic.

“Together with the Tax Authority we have been working together in recent days on formulating a comprehensive plan to assist the economy to ensure business continuity and support the Israeli public,” Smotrich says. “We are now presenting a plan that has many components and is much bigger and broader than it was even during the COVID period.”

Smotrich says businesses throughout the country who have been hurt during the war will receive compensation.

“The Israeli economy is strong and can support the military and civilian war efforts as needed,” he says. “We have money and we will use it now for everything that is needed with a generous hand.”

Smotrich announces that in the coming days, he will bring to the Knesset a bill to increase the budget framework to create “maximum flexibility for ourselves.”

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