A special meeting of the Israeli Cabinet today approved and sent to the Knesset an increase in this year’s budget of 100, 000, 000 Israeli pounds ($56,000,000).
The money would be raised through a special bond issue, short-term loans and compulsory loans by Israeli property owners. Levi Eshkol, Minister of Finance, in presenting the new financing plan to Parliament, said that security needs would absorb 34, 000,000 pounds from the monies, while 20, 000, 000 pounds would go for new housing.
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