חוק-יסוד: משק המדינה (תיקון מס' 10 והוראת שעה לשנת 2020) (תיקון מס' 2)Basic Law: State Budget (Amendment No. 10 and temporary provision for 2020) (Amendment No. 2) · automatic translation · suggest a correction

Official summary of the law (Knesset)

Section 3B of the Basic Law: The State Economy deals with a situation in which the Budget Law has not been passed before the beginning of the fiscal year, and establishes that in such a situation, the Government shall be permitted to spend each month an amount equal to one-twelfth of the previous annual budget, plus linkage to the consumer price index. The section also sets the order of priorities for use of the continuing budget. Following the outbreak of the coronavirus and the need to curb its spread, various restrictions were imposed on the economy and the public. These restrictions led to a deep economic crisis. In light of the severe health and economic crisis, extensive assistance to the economy was required. Since the Basic Law limits the ability to spend funds in a situation where there is no approved budget, an amendment to the Basic Law was enacted - Basic Law: The State Economy (Amendment No. 10 and Temporary Provision for 2020), which established that until the end of 2020 or until the date the Budget Law is passed, whichever is earlier, it would be possible to increase government expenditure in order to cope with the coronavirus crisis, in accordance with an economic plan. In the Basic Law: The State Economy (Amendment No. 10 and Temporary Provision for 2020) (Amendment), an additional increase in government expenditure was approved, such that in 2020 expenditure amounts were increased by approximately 14 billion NIS. In light of the rise in infection rates and the prolongation of the crisis, the temporary provision to the Basic Law is amended once again, increasing the amounts set in the temporary provision by approximately 25.1 billion new shekels.

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