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JERUSALEM (Reuters) – The Israeli government is preparing an economic aid package for those affected by attacks by Hamas militants that will be “bigger and broader” than the COVID-19 pandemic, Finance Minister Bezalel Smotrich said on Thursday.
Speaking to reporters, Smotrich said Israel’s economy and fiscal position (adding a low debt-to-GDP ratio) were strong enough to support military and civilian war efforts as needed.
“We have cash and now we will use it generously for whatever is needed,” Smotrich said. “We have stopped everything in the budget that is not vital and diverted everything to the desires of the war and the economy. “.
He added that in the coming days Israel will strengthen the parliament’s budgetary framework to create “maximum flexibility for ourselves. “
(Reporting via Steven Scheer; editing by Leslie Adler)
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