Finance Minister instructed to formulate a plan for a return to full activity and growth

Finance Minister Israel Katz held a discussion with top officials from the Ministry of Finance regarding the preparations for the economy to emerge from the corona crisis. At the beginning of the discussion, Chief Economist Shira Greenberg reviewed the new aid program announced by the US administration ("Rescue and Rehabilitation") and the comparative data regarding the aid program of the US administration and other countries vis-à-vis Israeli aid. At the conclusion of the discussion, the Minister of Finance instructed the ministry's management to formulate a comprehensive plan for the Israeli economy's assessments for full activity and growth, with the expectation of the opening of the economy and ahead of the exit from the Corona crisis. 

The program is expected, among other things, to focus on four main legs:

* Labor market - employment, training and a kick-back to work.

* Credit - Credit targeting is available to encourage and remove investment barriers to support businesses return to activity.

* Growth Engines - A package of growth laws, accelerating infrastructure and reducing regulation that supports growth and business.

* The formulation of the plan will start immediately when a follow-up meeting will be held on Thursday at the Ministry of Finance.

 The Minister of Finance said: "I intend to complete the formulation of the plan and bring it to the approval of the government and the Knesset as soon as possible. "We are at a crucial stage in the economic struggle against the corona plague and we must all join hands and join forces to help the business sector and the entire economy emerge from the crisis, return to full activity and a path of growth."