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Cabinet Approves Supplemental Budget

February 22, 1988
See Original Daily Bulletin From This Date

The Cabinet voted Sunday to add some $788 million to the 1987 fiscal budget, in the form of a supplementary appropriation.

The ministers decided it was needed to offset a 6 percent increase in real wages during the year, unanticipated subsidy cost overruns and the failure to implement mandated cuts in the health and education budgets.

Finance Minister Moshe Nissim said there has been an increase in tax revenue that would partly cover the unforeseen higher expenditures.

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