Israel to Return $51 Million to U.S.
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Israel to Return $51 Million to U.S.

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Israel will return to the United States next month $51 million of the $1.2 billion economic aid grant it received in a lump sum last October 1, the beginning of the 1986 fiscal year, it was announced Friday.

The refund is voluntary on Israel’s part. It will be made to help the Reagan Administration meet the budgetary constraints imposed by the recently legislated Gramm-Rudman law. All recipients of U.S. economic and military assistance are affected as a result of the across-the-board 4.3 percent reduction in foreign aid mandated by Congress.

It was reported, meanwhile, that the Ministerial Economic Committee is considering an extension of the current price freeze in some sectors of the economy beyond the June 1 expiration date. This is being studied in connection with proposals the government will make to Histadrut when new wage negotiations begin next month.

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