The Limited Times

Now you can see non-English news...

The Finance Committee is preparing to vote on the outline - when will the public see the money? - Voila! money

2023-11-08T15:25:12.499Z

Highlights: The Finance Committee is preparing to vote on the outline - when will the public see the money? - Voila! money. Employees on unpaid leave, business owners waiting for compensation for lost income, nonprofits that work around the clock and need assistance, please wait. Because of the finance minister's poor performance and the mismanagement of his socioeconomic cabinet, the compensation money will only enter your bank accounts as of November 20. Until then, you will cope alone. The government has taken precious time and you will pay the price.


Committee Opposition Center MK Belyak: "We wasted ten days for nothing, when the finance and economy ministers went around with presentations and did nothing with them"


Employees on unpaid leave, business owners waiting for compensation for lost income, nonprofits that work around the clock and need assistance, please wait. Patience. Because of the finance minister's poor performance and the mismanagement of his socioeconomic cabinet, the compensation money will only enter your bank accounts as of November 20, a month and a half too late. Until then, you will cope alone. The government has taken precious time and you will pay the price.

"We wasted ten days for nothing, when Finance Minister Bezalel Smotrich and Economy Minister Nir Barkat walked around with presentations and did nothing with them," said Vladimir Belyak, the opposition coordinator on the Finance Committee. "When Gafni approached me and Yinon Azoulay of Shas a few days ago, we entered into expedited negotiations with the ministries, and the outline grew from NIS 4.5 billion to NIS 8 billion."

MK Belyak. "The interest rate and its subsidy will be discussed in the Finance Committee next week"/Knesset Spokesperson, Danny Shem Tov

Are you at peace with the outline achieved?
"No one ever gets 100%. There will be people who will fall between the chairs and we will try to help them later. The current framework also provides a good solution for nonprofits whose fundraising has not stopped, but whose expenses have increased because they work much more today. The NGOs in general will receive compensation for damage to revenue, and those who do not enter the framework will receive a grant.

"We have provided a solution tailored to activity for farmers, the construction, fuel and diamond industries, according to the characteristics of the industry, and for all businesses up to NIS 400 million in annual turnover. The big businesses were left out, but they will be met by state-guaranteed loans, which have grown to more than a billion shekels."

But the interest rate of state-guaranteed loans is insane. 7.75%, it doesn't pay to take them.
"The issue of interest and its subsidy will come up for discussion in the Finance Committee next week. In Corona, the interest rate of the first year was completely subsidized. Any business with a turnover of up to NIS 300 million, which suffered a decline in revenue of over 25%, will enter the formula of compensation for fixed income of 22% and salary expenses of 75%.

"The last part of the outline relates to unpaid leave. There will be a reduction from 30 consecutive days to only 14 days of unpaid leave, and a grant will be given to the wives of reservists. I managed to insert a clause according to which a family with a child with a disability up to the age of 21, where one of the spouses went on reserve duty, the spouse who remained at home was automatically placed on unpaid leave. Seniors over the age of 67 have entered the framework and will receive 70% of their salary, with a ceiling of up to NIS 4,000."

Hotel assistance boxes. "The outline provides a pretty good solution for NGOs that work much more" / Uri Sela

What does not go into the outline?
"The regulations regarding the increased compensation to Be'er Sheva, Ashdod, the communities along the border fence and Nahariya have not been approved. A verbal promise was given that they would take effect, but it hasn't happened yet."

People who need compensation like air to breathe will only see it at the end of November.
"The Tax Authority promised that their application system would open after November 16, which means that funds will reach citizens after three or four days. It's clear to me that because of the stupid procrastination, there will be those who will barely be able to survive until then."

  • More on the subject:
  • Vladimir Belyak
  • Iron Sword War
  • Finance Committee

Source: walla

All business articles on 2023-11-08

You may like

News/Politics 2024-02-22T20:31:31.460Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.