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Jewish Agency Plenary Executive to Discuss Large Deficit in Budget

A deficit of some $200 million in this year’s Jewish Agency budget will be one of the main subjects to be discussed by the Agency’s plenary executive when it convenes here next week. This large deficit, expected from a total budget of $700 million was attributed by Jewish Agency treasurer Leon Dulzin to a large decrease in income from various funds.

According to Dulzin, the financial difficulties abroad, particularly in the United States, have reduced the potential of contributions, especially by the big donors. Some cannot meet their pledges because of the difficulties they face, he noted. Dulzin said there were now pledges for some $600 million throughout the world, but the actual income had declined considerably. “If we don’t succeed in recruiting the missing funds, we will find ourselves in a most difficult situation,” Dulzin said.