Pod Save America Hosts Call on Democrats to Cut All Israel Military Aid, No Longer Accept AIPAC Funding
Jews, Israelis Targeted in Austria Amid Surge in Antisemitic Incidents; Local Jewish Community Calls for Action
‘All of Our Strength’: Over 1,000 Pro-Israel Activists Gather in DC for Solidarity Conference
‘Devastated’: Wesley LePatner, Killed in Manhattan Mass Shooting, Was a Jewish Communal, Philanthropic Leader
Sen. Angus King Vows to No Longer Vote for Israel Military Aid Until Gaza Conditions Improve
Europe Won’t Pressure Israel to ‘Commit Suicide’ Amid Gaza Backlash, Palestinian State Push, Says Israeli FM
Israel’s National Soccer Coach Attacked in Athens Before Soccer Fans Chant ‘F–K Israel, Free Palestine’ at Match
New York Judge Sentences Neo-Nazi to 5 Years for Livestreaming Bomb Threats Against Jewish Hospitals
US Pressures Lebanon to Issue Cabinet Decision to Disarm Hezbollah Before Talks Continue
UK Plans to Recognize Palestinian State in September Unless Israel Meets Conditions, Starmer Says
Israeli Treasury: Lockdown Will Cost ‘Only’ $3.4 Billion, Not $5.7 Billion as Originally Projected
Error: Contact form not found.
by Israel Hayom / JNS.org
A bartender and customers wear face masks to fight the spread of the coronavirus disease (COVID-19), at a bar in Tel Aviv, Israel, June 4, 2020. Photo: Reuters / Amir Cohen.
JNS.org – Israel’s Finance Ministry on Tuesday issued an updated projection for the economic impact of the nationwide COVID-19 lockdown currently in effect, from NIS 20 billion ($5.7 billion) down to about NIS 12 billion ($3.4 billion).
According to Finance Ministry Chief Economist Shira Greenberg, the government’s decision to include more industries in the list of “essential” occupations, effectively allowing them to operate in a reduced capacity rather than shuttering them, has mitigated the lockdown’s overall cost to the economy.
She did, however, caution that any extension of the lockdown will require the Treasury to again revise its projections.
To further mitigate the economic fallout of the lockdown, the ministry’s Budgets Division has been able to broker a deal with the Histadrut labor federation according to which all non-essential public sector employees will go on organized leave for the duration of the High Holidays.
