Israel Budget Shows $33,000,000 Deficit for Six Months; Loans Sought
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Israel Budget Shows $33,000,000 Deficit for Six Months; Loans Sought

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Israel’s budget showed a deficit of $33, 000, 000 for the first six months of the financial year starting April, 1965, according to a report by the accountant general issued today.

The report indicated that the ordinary budget had a surplus but that the development budget was in the red. The principal reason for the deficit was that anticipated external loans failed to materialize. Receipts from that source, the report said, were only 44 percent of an expected total of $130, 000, 000 for the entire fiscal year.

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