The Treasury introduced a package of measures to assist the economy due to the consequences of Corona
Posted on Mar 16, 2020 by Ifi Reporter - Dan Bielski
The Treasury introduced a package of measures to assist the economy in dealing with the consequences of the Corona virus, including deferred compulsory payments to self-employed and small and medium-sized businesses, a special aid grant for the self-employed, a special grant for the laid-off, an easing of loans and an increase in credit facilities, and more.
Key to the plan: In the health sector there is an increase in emergency supplies and medicines - the purchase of masks, protective equipment and respirators. Inpatient beds - Construction and development of approximately 1,000 beds for Corona patients.
In the area of patient detection, the laboratory and MDA system will be reinforced in order to locate the patients and increase the number of examinations. Isolation complexes - Construction of isolation complexes in geriatric hospitals.
600 staffing standards, 200 physician standards, 250 outpatient maintenance staff will be increased, increasing thousands of nursing and medical students as needed. Publicity Campaigns for information and publicity and hotspots. Continued emergency work and streamlining measures.
In agreement with the Histadrut, it was decided that non-essential workers at this time would be on vacation at the expense of their days off (ie paid leave) by the end of Passover. A fund will be set up to help workers who do not have enough days off. There will be advance payments to SMEs. Extending all the businesses in the transfer of VAT to the state coffers. There will be a rejection and deployment of April Social Security payments.
Special aid grant for the 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.
Agreements have been reached between workers 'and employers' organizations for dismissal in the near future. Employees will go on vacation or leave for free.
Substantial relief from unemployment benefit eligibility will be achieved by reducing the qualification period.
A special grant will be given to the laid off.
There will also be fast and digital registration for the employment service without the need for physical stabilization.
A program to improve vocational training for rapid integration in the labor market will be implemented.
Relief will be given to the immediate economic burden on the citizen:
* Introduction of negative income tax payments.
* Facilitating loans and increasing credit facilities.
* Rejection of mortgage payments by banks and the Ministry of Housing for Payables.
* Extended digital banking services.
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