A Ministerial Committee of the Israel Cabinet approved today a foreign currency budget of $685,000,000 for the coming fiscal year. This is $50,000,000 more than the foreign currency budget of the current year. Most of the added expenditures requiring foreign currency will be covered, it was indicated, by an expected $40,000,000 additional income from exports. The Finance Ministry reported that Israel’s foreign indebtedness totals $617,000,000. This includes a debt of $360,000,000 outstanding on Israel Independence and Development Bonds.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
