He said in his television address that he was "doing the utmost" to avoid a new national lockdown and denied street protests had prompted the new aid package.
"I heard about it from the media", Yaron said, his displeasure evident over the major decision that would normally have seen the government consult with the Bank of Israel before any announcement. "You're not alone", he said.
Families with children will receive one-off payments of between 2,000 and 3,000 shekels ($580-875), while "all other citizens over the age of 18 will receive 750 shekels", Netanyahu pledged at a press conference.
Delivering a statement at the 44th Session of the Human Rights Council, Dayani Mendis, the Acting Permanent Representative of Sri Lanka to the United Nations in Geneva said Sri Lanka has consistently and steadfastly held the principled position of the legitimate and inalienable right of the people of Palestine to statehood and to the natural resources in their territory. But Netanyahu said there was no time for lengthy debates when the situation is so critical, and that the money would encourage all Israelis to spend.
"It is possible to raise unemployment benefits, the grant for the self-employed, and help anyone affected by the crisis more than 90 percent", Yaron said.
The dramatic increase in the country's coronavirus figures has led to a significant reversal in the easing of measures the government rolled out after it had seemingly successfully "flattened the curve" due to severe lockdowns in March and April.
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The decision comes as Trump is trailing former Vice President Joe Biden in polling , including in Florida. To date, Florida has reported at least 301,800 infections and 4,521 deaths.
But after reopening the economy in May, it appears he declared victory too early and there has been a sharp spike in infections.
The polls come as Netanyahu's popularity continues to plummet amid a massive spike in infections.
Officials have warned they may have to reimpose a widescale lockdown in the coming days, raising concerns of further economic distress.
On the evening of 11 July, Rabin Square, the heart of Tel Aviv, was filled with people angry with the executive's economic policy, the management of the Covid-19 emergency and the lack of support for businesses and individuals.
With more than one in five Israelis unemployed, Netanyahu has faced mounting public anger over his handling of the crisis, with thousands of protesters holding frequent demonstrations in Tel Aviv and Jerusalem, some of which have been dispersed by police. The crowds were dispersed with water cannons and some 50 people were arrested.