Given this uncertainty, a hasty reopening could do more harm than good.
“If we reopen and bring back all employees by July 1, we could have a 25 million shekel deficit by the end of December and an ongoing deficit for 2021 and 2022,” he said.
IF TOURISM continues to be affected by the virus restrictions in the coming year, “We could have a 44 million shekel deficit by the end of 2022. We need to have a sustainable financial plan for two years.”
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