The Israeli Cabinet, by a majority decision, gave approval today to proposed budgets for 1954-55 submitted by Finance Minister Levi Eshkol providing for 370,000,000 pounds of ordinary expenditure and 200,000,000 pounds for development purposes.
The approval was limited to the total amounts and details contained in the proposals may be subject to considerable revision at meetings this week-end of the cabinet committee on finance and economics and by the next full meeting of the cabinet.
The budget is slated for submission to the Knesset on Monday and is expected to meet with strong opposition, particularly from the General Zionists who are pressing for reductions.
(The JTA yesterday incorrectly reported the totals of the current operating and development budgets as the proposed 1954-55 budgets and erroneously stated that the proposals had already been submitted to the Knesset.)
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