Israel’s cabinet approved government stimulation checks to citizens

The plan, after being amended to exclude high earners, awards coronavirus compensation to every citizen as a one time grant of NIS750 ($218) rising in stages to IS3,000 ($583) depending on the number of children in a family. More grants are being prepared “to get the wheels of the economic moving and get people back to work.” PM Netanyahu said. Due to the covid-19 lockdown, the Israeli economy shrunk by 28.7pc in the second quarter of 2020 and is close to recession.