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Sapir: Extra $200m Must Be Raised to Finance Anticipated 1972 Emigration

December 30, 1971
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Finance Minister Pinhas Sapir said last night that an extra $200 million must be raised in Israel and abroad next year to finance an anticipated increase in immigration during 1972. Sapir told the Knesset Finance Committee that half the sum will have to come from overseas Jewry and the remainder will be raised here by a public committee headed by Mark Mosevics, president of the Israel Manufacturers Association.

Gen. Uzi Narkiss, head of the Jewish Agency’s immigration department said at a press conference in Haifa last night that at least 10,000 immigrants are expected from the US next year compared to 9,700 this year, and 6,000 from South America compared to 5,000 in 1971.

He expressed concern that potential immigration from the US might be curtailed because of the unexpectedly heavy influx of emigres from the Soviet Union, More than 12,000 Jews from the USSR arrived in Israel this year. Narkiss said about one-third of them are from the Soviet Georgian Republic. He said there were no employment problems at present but warned that problems might arise in another year and urged long-range job planning at once.

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