A new economic plan for Israel was proposed here today by Dr. Peretz Bernstein, leader of the General Zionists in Israel, addressing a meeting of his party. The plan is divided in two parts: immediate steps and longterm measures.
The immediate steps, Dr. Bernstein said, should include the abolition of foreign currency control, parliamentary supervision of foreign currency expenditures of the government, abolition of control of imports and the saving of essential commodities. The long-term steps should include cuts in the government budget, establishment of a consolidation fund for Israel’s currency, and the encouragement of capital investments and of export.
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