Share
Email
PrintJewish Agency to cut $45 million from its budget
The Jewish Agency for Israel will slash its budget by $45 million for 2009.
Some $12.5 million in cuts will come from organizational restructuring and cutting management costs. The agency also will make significant cuts in traditional grants given to other institutions in Israel as well as a $13 million reduction in actual programming. But it will not limit any of its core initiatives, the agency said.
The group already has slashed 20 percent of its workforce since 2003, but more staff layoffs are in the offing.
The agency’s budget deficit was the result of the drop in the dollar’s value vis-a-vis the shekel—a trend that has reversed itself in recent weeks—and inflation.
Click to login and write a letter to the editor or sign up for the Daily Briefing.
This article was made possible by the support of readers like you. Donate to JTA now.
Featured Content
Need to know? Get JTA's free e-newsletters!
- Poll: Half of U.S. voters back strike on nuclear Iran
- Reform leader Rabbi Gunther Plaut dies
- D.C. Hebrew-language charter school accepted for review
- Op-Ed: Kick the reaction addiction on campus
- Berman moves to grant investor visas to Israelis
- Holy cow! Calves hijacked into Palestinian territory
- Report: Israeli journalist also works for prime minister
- Larry Greenfield tapped to lead JINSA
