The Jewish Agency executive today voted a tentative budget of 360,578, 000 Israeli pounds ($120,192, 333) for the next fiscal year, beginning April 1. The amount surpasses last year’s budget by 10 percent. The total, however, is still subject to review by the permanent budget committee which, in turn, is to reconsider the budgets of the Agency’s various departments and reduce them if possible. The departmental budgets are to be examined by subcommittees.
Meanwhile, Jacob Tsur, president of the Jewish National Fund, informed the executive that the Israel Government has agreed to turn over to the JNF 125, 000 acres of arable land for development purposes. The agreement for this arrangement, he reported, will be signed by the Government and the JNF on March 28.
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