JERUSALEM (Jun. 7)
Jewish Agency Treasurer Akiva Levinsky said today that reforms in the way the United Jewish Appeal allocates funds for social needs in Israel is having a positive effect on the Agency’s fiscal situation.
He said there were signs that the cumulative deficit is shrinking, and interest payments are smaller. He predicted that the Agency will be able to write off all of its debts within the next five years. (By Gil Sedan)