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NIS 90 billion: This is the economic plan that was approved by the Knesset tonight Israel today

2020-04-07T07:57:41.775Z


62 Knesset Members Supported Proposal During the Night Without Opponents • 14 MKs did not remain for second and third reading • All details Economy


62 Knesset Members Supported Proposal During the Night Without Opponents • 14 MKs Did Not Left to Vote in Second and Third Reading • All Details

The emergency plan to fight the outbreak of the NIS 90 billion corona virus is underway. At 3:00 AM, the Knesset plenary approved, in a second and third reading, the increase of budgetary frameworks for the fight against Corona, as part of the Basic Bill: State Economy (Temporary Order for 2020).

Netanyahu: "Starting Wednesday - No way out of the house" // Photo: GPO

Because this is a Basic Law, a majority of 61 Knesset members is required, and indeed, 62 Knesset members supported the proposal in a third reading without opponents. It should be noted that in the first reading of the Knesset plenum, 76 Knesset members supported, but 14 MKs grew tired and did not remain in the second and third readings.

Earlier, the Provisional Finance Committee, chaired by MK Oded Forer of Israel Beitano, completed the preparation of the Treasury's proposal to increase budgetary frameworks, and the committee's discussion continued through the night, ending with a 15 percent change in the Treasury's original proposal.

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As part of the budget increase, the Passover grant budget of NIS 500 was also approved, which the Prime Minister declared for each child, up to four children, to families with children, the elderly and the disabled. But the divisional mechanism requires separate legislation. Attorney General Avihai Mandelblit demands that this be done in orderly legislation in the Knesset, not through emergency regulations. During the Finance Committee meeting, MK Itzik Shmuli concluded with the Treasury that 350,000 disadvantaged seniors will receive an increased grant of NIS 950, but here, too, the distribution mechanism requires regular legislation in the Knesset, which could create difficulties in transferring Passover to elderly people and the disabled until the deadline. .

The current budget from the state budget for the fight against Corona is NIS 34.2 billion, of which NIS 28.6 billion was spent in April - August: April - NIS 10.5 billion, May - NIS 7.1 billion, June - NIS 5.2 billion, July - NIS 3.4 billion and August - 2.4 NIS billion.

The budget cost of unemployment benefits, grants to self-employed and businesses will amount to NIS 22 billion. It also includes NIS 2.6 billion in business taxes, NIS 2.25 billion in credit solutions, and incentives to accelerate and encourage high-tech and infrastructure in NIS 4.7 billion.

However, the program includes NIS 9 billion for vocational training and assistance to the third sector will total NIS 800 million. The emergency plan is disclosed with the Treasury's commitment to act transparently and to present to the Finance Committee the internal distribution of budgets in a section of expenditure sub-sections.

Clear guidelines for Passover // Ministry of Health

After approving the increase in budgetary frameworks, the continuing budget 1/12 on the basis of the 2019 budget that can be spent in 2020, which amounted to NIS 399.7 billion, has now grown to NIS 482.5 billion. The repayment of debts without NIS 77.5 billion in Social Security debts will also increase, as will interest payments on the government's increased debts. In addition, NIS 16 billion will be indemnified for National Insurance.

All of this assumes that the emergency situation does not exceed five weeks, and according to Prime Minister Benjamin Netanyahu's announcement that the emergency exit is expected to be on the day of its financing on April 19.

Source: israelhayom

All news articles on 2020-04-07

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