Cabinet Sends $3.9 Billion Budget to Knesset for Approval

The Cabinet today added $86 million to the State budget, increasing the total awaiting Knesset approval for fiscal 1973 to $3.9 billion.

In announcing the additions to the budget, Finance Minister Pinhas Sapir said that the additional outlays were in defense, housing and health services. He said the additions had been approved in existing legislation but not included in the budget prior to the Cabinet action. He said no additional taxes would be needed to meet the increases, declaring that rising salaries and incomes were bringing more tax revenues. No special legislation is needed because the state budget for the current year has not yet been approved by the Knesset. The services operate on a temporary budget which authorizes expenditures for April through July, fiscal authorities said.

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