Yaron supports Israel’s increased fiscal stimulus
Package could push budget deficit to 13% of GDP in 2020
Bank of Israel governor Amir Yaron supported new economic stimulus measures approved by the government of prime minister Benjamin Netanyahu.
At a cabinet meeting on July 12, Yaron said the Covid-19 crisis “is the time to utilise the safety cushions we have in order to ease the negative impact of the crisis and to enable the economy and the public to get through it with minimal adverse impact”.
The central bank estimates the potential cost of the new package will be around 15 billion shekels (
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