Halacha to Pesach, significant relief in unemployment benefit eligibility, mortgage deferral and self-help grants • This is the Treasury billions program to stabilize the economy

• Finance Minister Moshe Kahlon at the press conference // Photo: Jonathan Zindel Flash 90

On Monday, the Ministry of Finance presented with Prime Minister Benjamin Netanyahu and Finance Minister Moshe Kahlon a package of measures to assist the economy in dealing with the consequences of the corona virus, including the rejection of compulsory payments to self-employed and small and medium businesses, a special aid grant for self-employed persons, a special grant for layoffs, and relief on the granting of loans. Credit and more.

"The Director General of the Ministry of Finance and the heads of the Finance Departments worked nights as days to formulate a package of measures for the businesses, employees and self-employed persons in the Israeli economy, with a view to assisting the economy during this complex period," said Kahlon. "The Corona crisis that befell us is a crisis that the state of Israel did not know. We are going through more and more difficult days, but the Treasury will, however, continue to take all possible steps to stabilize the economy and reduce the damage and ensure that we emerge from the crisis.

As part of the relief efforts taken by the Israeli government to deal with the Corona virus, the Ministry of Finance, in cooperation with all government ministries, is leading a package of economic measures to assist the economy. These measures are intended to reduce the damage to the Israeli economy from the consequences of the outbreak of the Corona virus, subject to the main consideration of maintaining public health, and include steps that will stabilize the economy and the economy in the new routine in the shadow of the Corona, along with creating the infrastructure to grow the economy after the crisis. In addition, NIS 5 billion will be allocated for growth engines for the economy.

Details of the program:

health:

Increase emergency stock and medication - procurement of masks, protective equipment and respirators.

Inpatient beds - Construction and development of approximately 1,000 beds for Corona patients.

Finding patients - Enhancing the lab and MDA system to locate patients and increase the number of tests.

Isolation complexes - Construction of isolation complexes in geriatric hospitals.

Government procurement of hotel rooms nationwide for insulation commitments.

Personnel Standards 600 Nursing Standards, 200 Physician Standards, 250 Outpatient Maintenance Staff, will boost thousands of nursing and medical students as needed.

Publicity Campaigns for information and publicity and hotspots.

Efforts to find a vaccine.

Addressing Civil Needs:

Public Order - Protection and Disinfection, Emergency Acquisition, Increase Deployment for Public Order

Food - Ensuring continued supply throughout the crisis, including solutions for PA employees

Pharmaceuticals - A promise for continued supply throughout the crisis.

Solutions for isolation and patients - as needed, full response will be provided.

Public sector:

Continued emergency work and streamlining.

In agreement with the Histadrut, it was decided that non-essential workers at this time would be on vacation at the expense of the employees until the end of Passover.

Digitization - Accelerating personal and business area and bringing up 80 key services, promoting remote service solutions from service bureaus, expanding online courses development and accelerating cross-office information transfer.

Reducing business costs and special assistance to self-employed:

Introduction of payments to SMEs.

Providing the length of all businesses in transferring VAT to the state coffers.

Rejection and deployment of April Social Security payments.

Rejects compulsory payments to self-employed and small and medium businesses.

Reject business property tax payments while assisting weak authorities.

Special aid grant for self-employed - The grant is intended for small self-employed persons in the face of their expected losses due to the decline in economic activity.

Credit access to businesses:

State Guarantee Loan Fund.

Easing loans and increasing credit limit.

Easing the credit limit on the real estate industry.

Expanding the Social Security Network:

Agreements between the workers 'and employers' organizations on layoffs in the near future, which are going on vacation or on leave.

Significantly easing unemployment benefit eligibility by shortening the qualifying period.

A special grant for the laid off.

Quick and digital registration for the employment service without the need for physical stabilization

A program to improve vocational training for rapid integration into the labor market.

Relieving the immediate economic burden on the citizen:

Introduction of negative income tax payments.

Easing loans and increasing credit limit.

Rejection of mortgage payments by banks and the Ministry of Housing for Payables.

Extended Digital Banking Services.

Business and Citizen Relief:

Rejection of citizens' renewal of licenses and certificates.

Reducing consumer response and delivery and handling times.

Stopping new and crystallized regulation.

Reject non-life-threatening deficiencies in a statement.

Digitization Acceleration Program

Accelerated promotion of economic growth infrastructure:

Promoting innovation and R&D through the Innovation Authority grants.

Encouraging investment and export through Ministry of Economy grants.

Accelerating projects - electrifying the railroad, adding a fourth track, light rail in Gush Dan and Jerusalem, fast lanes and highways.

Establishment of ten integrated transport centers in Gush Dan.

Establishing the Blue Line in Jerusalem is a scam.

Multiply the TA-Carmel coast rails.

Connecting the Upper Galilee and the Jordan Valley to the national water transmission network.

Establishing a gas transmission line to increase natural gas export to Egypt.

Investment in drainage infrastructure for barrier removal and flood prevention.

A multi-year plan to increase the number of civil engineers for infrastructure and construction.