Wed, 18 May 2022

JERUSALEM, Jan. 25 (Xinhua) -- The Israeli Ministry of Finance on Tuesday announced a 1.3-billion-shekel (410 million-U.S.-dollar) plan to support businesses amid the Omicron crisis.

The plan includes easing business cash flows by immediate governmental payments to suppliers, early tax refunds, and advance payments to cultural institutions.

The program also includes reliefs in bureaucratic procedures for businesses, approval of state-guaranteed loans and export procedures.

"In the current peak of morbidity wave, we want to allow quarantined, self-employed, businesses and industries affected to get through the complicated period with appropriate support," said Israel's Finance Minister Avigdor Lieberman.

"This is an important step in helping businesses, which are experiencing a significant slowdown in their revenues as a result of the Omicron crisis," said Ron Tomer, president of the Manufacturers Association of Israel.

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