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"Biennial Budget - Unrealistic in This Schedule" Israel today

2020-07-05T22:34:26.693Z


| economyTreasury officials note that mid-last month announced that a one-year budget also requires an immediate decision • US stock exchanges closed on increases Treasury Factors: A biennial budget is no longer feasible Photo:  Uncle Veknin In a mid-June budget debate on budget, the Treasury Commissioner for Treasury Shaul Meridor and Accountant General Roni Hezekiah said that unless they were immedi...


Treasury officials note that mid-last month announced that a one-year budget also requires an immediate decision • US stock exchanges closed on increases

  • Treasury Factors: A biennial budget is no longer feasible

    Photo: 

    Uncle Veknin

In a mid-June budget debate on budget, the Treasury Commissioner for Treasury Shaul Meridor and Accountant General Roni Hezekiah said that unless they were immediately set to begin preparing the 2020 budget, they would not meet the timetable.

They didn't talk about a biennial budget at all - even then it seemed impractical in the timetable created. At the time, senior officials of the Treasury, as well as the Governor of the Bank of Israel, Professor Amir Yaron, made it clear that a one-year budget would be more suitable for this period. The professionals sought to focus the effort on immediate solutions and await further developments in early fall and early winter, before preparing a budget for next year.

Meanwhile, the Treasury says that regardless of this professional position, it is now technically impossible to prepare a budget that will include 2021, even if a decision that is different from their opinion is made.

In the meantime, Iris Stark, CPA president and Liat Neuvirt Feig, her deputy, urged Eran Ya'akov, the tax authority, to urgently "listen to the business public struggles to survive, and to increase advances at the expense of the third bribe and release grants for grants up to 100 NIS 1,000 in retrospect, while increasing the advance to at least 50% of the grant amount. "The two added," To our knowledge, these are approximately 15,000 applications under an unusual examination process, and grants totaling NIS 1.5 million have been distributed out of NIS 5.2 million allocated. To the third-pulse grants.

"The purpose of the grants is urgent assistance to businesses, so it is eased despite the fact that you feel the need to carry out tests, which we greatly respect. The fact that so far only 87,000 applications out of 200,000 applications were expected to arrive, require extension of applications by the end of this year."

And in the US, President Trump is pouring money into the market according to market conditions, and those have responded slightly, even on the last day of trading on the eve of 244th Independence Day. The NASDAQ index up 0.61% and the S&P500 up 0.45% .

Source: israelhayom

All news articles on 2020-07-05

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