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Israel Government to Report 400-million Pound Deficit for Year to Knesset

The Israeli Government is expected to report to Parliament later this week a 400 million pound ($133 million) deficit in the State budget for the past fiscal year. Of the total, 100 million pounds ($33.3 million) represents losses incurred in operating the national railway system, the Post office and other Government-owned enterprises.

Meanwhile, it was reported today that a special Ministerial Committee will meet here Sunday to examine Israel’s application for associate membership in the European Common Market and to propose tactical steps to achieve that goal. Israel’s present limited agreement with Euro-mart will expire on June 30.