THE DETROIT JEWISH NEWS
Friday, December 9, 1977 21
Brightened Economic Outlook Is One Result of Sadat's Visit
TEL AVIV (JTA)—Fi-
nance Minister Simha Ehrl-
ich said that the visit of
President Anwar Sadat of
Egypt improved the climate
for investments in Israel by
lessening tension in the re-
gion.
He also forecast full em-
ployment and less govern-
ment spending during the
year ahead, in a detailed
economic survey given at a
e 5V-° G
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966-ess2
meeting of the Liberal Par-
Ehrlich defended the IL
ty Executive.
182 billion 1978-79 budget ap-
proved by the Cabinet but
Ehrlich, whose new eco-
criticized by many econo-
nomic program instituted
mists who claimed it was
last month sent prices soar-
inflationary. He said it was
ing and raised fears of
not possible at this time to
unemployment, said there
was actually a surplus of make major changes in the
budget structure inherited
20,000 unfilled jobs in Israel.
from the previous govern-
He said the increase in the
ment. -
country's foreign currency
Ehrlich said that one-third
reserves gave further assur-
ances that no one would go
Slum Clearance
jobless.
Workshops may be forced Awaits UJA Aid
to close as a result of the
JERUSALEM (JTA)—Fi-
economic program but their
nance Minister Simha Ehrl-
workers will be absorbed
ich called on the United
easily by other enterprises
Jewish Appeal to double its
seeking more man-power,
income this year to help
the Finance Minister said.
implement a plan for a slum
He said the government clearance project involving
will abide by its decision to 45,000 housing units through-
freeze hiring for two years out the country.
,and predicted that the num-
The purpose of the Torah
ber of public employes- will
decrease by 15 percent even ' laws is to promote com-
passion, lovingkindness and
though 800 more policemen
peace.
will have to be recruited.
of the budget—IL60 billion—
is earmarked for debt serv-
ice and another IL60 billion
for defense, which is irredu-
cible. Only the remainder is
subject to maneuvering by
the government, he said.
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VOTE Z.O.A. SLATE 3
in Zionist Congress Elections
Men and Women Zionists
of America
I
n Israel the Likudgovernment, headed by
Menahem Begin, is leading the country toward
genuine peace. The government's new economic
policy, fashioned by Finance Minister Simcha Er-
lich, aims at a new deal for all Israelis.
Thus, Z.O.A. policies have been vindicated.
Our historic faith in the principles of liberal democ-
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State.
In America, the Z.O.A. is in the forefrOnt of the
struggle against forcing Israel into surrendering its
vital security positions. The Israel government
needs our support and endorses our battle for public
opinion:
"The'Z.O.A. was the only organization that stood
firmly behind us," says Defense Minister Ezer
Weizman.
"We are all proud of your stand," cables Prime
Minister Menahem Begin.
.
MENAHEM BEGIN
Prime Minister
SIMCHA ERLICH
Finance Minister
Endorse Israel's New Direction!
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