News Brief 8/19/2013, Elul 13, 5773
Child Allowance Payments Hit All-Time Low
Once enough to contribute a significant amount of money to large families, government child allowance payments on Tuesday will fall to their lowest levels ever. Where just a few years ago families received as much as NIS 400 per child, the payments for children will fall to NIS 140 (less than $40) per child per month, aggravating the situation of poor, mostly hareidi and Arab families, who in the past depended on the payments to avoid falling into poverty.
While many Israelis were understandably upset at the latest cut, at least one – Finance Minister Yair Lapid – celebrated the new cuts.