The government will approve today (Tuesday) an 'aid decision' for mortgage holders with financing of approximately two billion shekels.
According to the report this morning (Tuesday) in 'Kan News', the decision was made following the high interest rates in recent years.
The decision is being led by the National Economic Council, headed by Prof. Avi Simhon, and seeks to provide an average family with approximately 500 NIS per month for five years, at a total cost of billions of shekels.
The government's legal counsel is already rushing to put a damper on the decision - when they claimed following the publication that they would not allow a bill to be advanced that "constitutes the distribution of huge budgets without a professional basis, arbitrarily after a minimal process and while violating equality, while providing an unexplained and suspicious benefit to a certain population group.".
Yesterday, the Bank of Israel left the interest rate unchanged at 4%. The bank's monetary committee decided not to lower the interest rate due to the uncertainty surrounding the fighting in Iran and Lebanon, and concerns about an increase in inflation due to the increase in fuel prices.
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