Israel’s 1966-1967 national budget is expected to be between 4,500, 000,000 pounds ($1,500, 000, 000) and 4,600,000,000 pounds ($1,533, 000, 000), informed sources indicated today. This estimate compares with a current budget of 4, 000, 000, 000 pounds ($1, 333, 000, 000).
Approval by Parliament of Premier Levi Eshkol’s new Government was expected to speed up budgeting with an anticipated hope of absorbing the increase in the budget by a larger volume of tax receipts from existing sources without the need for new taxation.
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