Finance Minister Pinhas Sapir told a Labor leadership meeting that there are no plans for a slow-down in the economy after the elections. “We have an aim of full employment and this coincides with our aim of a steady expansion of the state’s economy” he said.
Speaking about his plans for full employment within the framework of the economic plan for the next four years, Sapir noted Thursday night that full employment is the most important factor in raising the standard of living of backward classes and that this would contribute to narrowing the economic gap.
He stressed that Israel is one of the most advanced countries in the world with respect to economic growth. “You may not believe me but you can look in economic publications and see for yourself,” he declared.
His forecast for the next four years was for a population of 3.8 million compared to 3.3 million, now. He said the labor force would grow to 1.27 million workers compared to 1.12 million workers now. He predicted that the GNP would reach IL 42 billion compared to IL 31 billion in 1972. Total value of industrial products will reach more than IL 30 billion in 1972 prices compared with IL 22 billion this year.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
