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Israel Cabinet Approves 1964-65 Budget of 3,200,000,000 Pounds

December 10, 1963
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The Cabinet today approved a 3,200,000,000 pound ($1,067,000,000) draft budget for 1964-65 which is to be presented in the Knesset within two weeks. The draft budget amounts to 500,000,000 pounds ($167,000,000) more than the current one and provides for increased expenditures for education, housing, defense, health and social welfare services.

The Knesset, Israel’s Parliament, today approved the cooperation by the Cabinet of Akiva Govrin, Mapai whip and chairman of the Knesset Labor Committee, as Minister Without Porffolio. Mr. Govrin took the oath of office following the vote. He is expected to be given the Commerce and Industry portfolio now held by Finance Minister Pinhas Sapir at the end of the fiscal year, next April.

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