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March 17, 2020 9:54 am

Israel Adds Another $1.3 Billion to Help Economy Deal With Coronavirus

avatar by Reuters and Algemeiner Staff

People walk past closed stores inside a shopping center in Tel Aviv, Israel, March 15, 2020. Photo: Reuters / Nir Elias.

Israeli Finance Minister Moshe Kahlon on Monday said the government will expand its aid package to help businesses hurt by the coronavirus crisis by another 5 billion shekels ($1.3 billion).

This is in addition to a 10 billion shekel package announced last week, 8 billion of which will be in a fund to provide cheap loans to businesses.

Kahlon also said there would be grants to the self-employed, and allowed for the delay of paying certain taxes.

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