Government Resolution 550 (Takadum) | NIS 30 Billion for Soc...
Government Resolution 550 (Takadum) | NIS 30 Billion for Socio-Economic Development of Arab Society
On November 4th, the Government of Israel approved Government Resolution 550—the second multibillion shekel, 5-year economic development plan for Arab society—as part of the first state budget passed in over three years. Given the name Takadum (‘progress’ in Arabic), GR-550 totals NIS 30 billion / USD 9.6 billion, more than double the size of its predecessor, GR-922.
This IATF report provides a brief overview of what’s included in GR-550, how it builds on the previous plan, and some of the challenges and opportunities to look for in the months ahead.