Israel’s Minister of Housing said today that the country’s population will reach the three million mark by the end of 1975. According to Zeev Sharef, Israel expects immigration of 60,000 a year and natural increase of about 40,000.
Mr. Sharef spoke to a group of American leaders of the Israel Bond campaign at his home here. He said that each new family housing unit costs $10,000 exclusive of the social services and educational facilities provided in every new housing project. He pointed out that Israel’s defense budget amounts to nearly $3 million a day or about 20 percent of the gross national product. He said the need was urgent for increased fund-raising and the encouragement of immigration to bring in skilled manpower.
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