Israel Allocates 40 Million Shekels to War-Affected Institutions

The Israeli Ministry of Finance will provide 40 million shekels in aid to institutions impacted by the ongoing war, distributed through two assistance tracks based on their pre-war financial turnover. This funding aims to offer tailored support to both small and large public institutions. Applications opened on October 4 and will close on October 18, with submissions processed digitally via the government's support portal. The Ministry of Finance's Accountant General's office is providing comprehensive professional and technical guidance throughout the application period.

This initiative follows other recent financial measures by the Finance Ministry, led by Minister Bezalel Smotrich, ahead of upcoming elections. The Tax Authority will implement a program by December 5 to compensate business owners affected by 'protection' rackets, with compensation capped at 2 million shekels per case. Additionally, the Finance Minister decided to reduce the excise tax on gasoline by one shekel per liter for two consecutive months, a measure estimated to cost the state budget 500 million shekels and remain in effect past the election date.

The article also notes the involvement of Attorney General Gali Baharav-Miara and Michal Abadi-Boyang'o, Director General of the Ministry of Finance, in these initiatives.