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Cabinet Approves Israel’s Budget for Next Fiscal Year; 1949 Deficit Reported

March 9, 1950
See Original Daily Bulletin From This Date

The Israel Government’s budget for the next fiscal year was approved today by the Cabinet and will be submitted to the Parliament before April. The Cabinet also approved an Israel trade agreement signed with the Netherlands.

An announcement by the Ministry of Finance stated that Israel’s trade balance for 1949 showed a deficit of about $215,600,000. Goods imported during the year amounted to 87,700,000 Israel pounds, while exports totalled 10,600,000 pounds.

The Cabinet today appointed a Ministrial committee comprising Premier David Ben Gurion, and the Ministers of Religion and Education who, in conjunction with the Hebrew University, will seek to secure photostatic copies of “rare and unique books and manuscripts of Jewish history and concentrate them in Israel.” The present situation regarding education in the immigrant reception camps was also discussed by the Cabinet.

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