The Treasury’s draft budget for 1964-65 was presented to the Cabinet today and, while no details have been divulged, it was understood that it would total between 3,300,000,000 and 3,400,000,000 pounds ($1,100,000,000-$1,130,000,000) or about 500,000,000 pounds ($167,000,000) more than the current budget.
The major increase is said to be in the budget for the Ministry of Education and no tax increases except for the new capital gains levy and several luxury taxes are contemplated.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
