The Israeli Parliament today started studying the new 1961-62 budget which, as introduced by the Finance, Ministry, calls for expenditures totaling 1, 869, 000, 000 Israeli pounds ($1, 046, 550, 000), more than 11 percent higher than the budget for the current fiscal year.
Of the total, some 445, 000, 000 pounds ($249, 200, 000) is allocated for development, and about 200,000, 000 pounds ($112, 000, 000) for special allocations and debt repayments. About a quarter of the ordinary budget, or 300, 000, 000 pounds ($168, 000, 000) is earmarked for the Defense Ministry. A similar sum is budgeted for the Ministries of Education, Health, Labor and Social Welfare, including appropriations for state housing. The Ministry for Religious Affairs will receive nearly 6, 000, 000 pounds ($3, 360, 000), an increase of about a half million Israeli pounds over the current budget.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
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.
