The bill for the financial assistance program was finally approved by the plenum


The Knesset Plenum approved in the second and third readings the Bill on the Economic Assistance Program (New Corona Virus) (Temporary Order) (Amendment), 5722-2020. 5 Knesset members supported the proposal without opponents.

The bill was submitted against the background of severe restrictions on the economy, and contains amendments and adjustments to the economic assistance program, designed to facilitate the conditions for receiving grants paid to businesses, and provide advances, for the months in which businesses were harmed and expected to be harmed due to additional restrictions imposed. In addition, the law includes a postponement of the mechanism for reducing unemployment benefits.

The bill stipulates that during the months of September-October, the aid grant will be granted for fixed expenses, starting with a 25% damage to the business owner’s turnover relative to the corresponding period before the virus broke out, instead of 40% damage so far.

In the case of dealers who report their transactions upon receipt of the consideration, which the consideration is given to them after more than 30 days, and the decrease in the turnover of transactions as a result of the new restrictions is expected in the period November and December 2020, the grant will be reduced.

In addition, the amendment stipulates a reduction in the condition of receiving a fixed expense grant for those who have a decrease in turnover in September-October. The Minister of Finance has been authorized under the law to extend the validity of this relief for another two months, if he so decides.

The amendment also stipulates that advances will be transferred at the expense of the September-October grant, in the amount of 50% of the fixed expenses grant to businesses that are expected to be affected by the closure, according to their statement. For September and October.

The advance will be derived according to the dealer’s choice, for a business assistance grant for participation in fixed expenses due to the economic impact of the spread of the corona virus, or from the amount of the aid grant the dealer is entitled to for the eligibility period of May and June 2020.

The amendment also stipulates that in order to complete the granting of the 4-stroke grant in the Grant to Encourage Employment Law, and to assist businesses that have returned workers, flexibility will be created in the eligibility conditions for September, so that Who have worked this month for at least 15 days.

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