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February 01, 1985 - Image 12

Resource type:
Text
Publication:
The Detroit Jewish News, 1985-02-01

Disclaimer: Computer generated plain text may have errors. Read more about this.

12

Friday, February 1, 1985 • THE DETROIT JEWISH NEWS

NEWS

END OF SEASON SALE
NOON TO 5 PM

SUNDAY, JANUARY 27

Yr TO 75% OFF

Men's, Women's, Boys'
Fall, Winter Clothing & Accessories

The Claymore Shops

722. NORTH WOODWARD, BIRMINGHAM • 642-7755

Tu B'Shevat, the New Year of Trees, will be celebrated Wednesday with
the planting of trees in Israel and projects geared at an appreciation for
trees and their products. Three thousand Jewish schools nationwide
will participate in a Tu B'Shevat education progam of the the Jewish
National Fund.

Cabinet Approves Budget

Unique, Colorful Silkscreened Aprons

*
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a practical and creative gift for men & women
adjustable and washable
only $18.00 + $2.00 for postage & handling
send a check or money order to
CREATIVE DESIGNS BY SUSIE (Susie Rosenzveig)
Farmington Hills, MI 48018
P.O. Box 2430
or call 478-3999 for further information

Jerusalem (JTA) — The
Cabinet unanimously approved a
$23 billion budget for fiscal year
1985, presented by Finance
Minister Yitzhak Modai. Accord-
ing to Modai it is a step toward
solving the economic crisis.
Although only marginally
smaller than the budget for fiscal
1984, it represents a reduction of
nearly $2 billion from last year's
actual spending. The effects of the
new budget will be to reduce liv-
ing standards by about five per-
cent. There will be a similar drop
in real wages and higher taxes.
Increased unemployment is con-
sidered inevitable.
The Treasury, fearing that each
ministry will challenge its
budget, plans to submit a bill to
the Knesset which would ban by
law deviations from an approved
budget.
Meanwhile, a new eight-month
economic package that will focus
more on reducing the govern-
ment's expenditures than reduc-
ing the rate of inflation will take
effect next month when the cur-
rent wage-price freeze package
expires.
Under the new package, state
subsidies for basic goods and serv-
ices will be reduced from the pre-
sent 100-300 percent range to a
maximum of 25 percent, with sub-
sidies for many items much lower.
Subsidies for electricity and water
will be virtually eliminated. The
Treasury is expected to save about
$1 billion a year.
In New York, Prof. Haim Ben-
Shachar, one of Israel's leading
economists, and Elmer L. Winter,
chairman of the Milwaukee-based
Committee for Economic Growth
of Israel (CEG-I), joined in calling
on the U.S. Jewish communities
to turn Project Renewal into
"Project Development" by open-
ing factories and other industries
that would help Israeli towns like
Dimona provide jobs for people
now on welfare.

In a related development, the
Wall' Street Journal reported that
Israel has secretly requested an
unprecendented $12 billion in
economic and military aid during
the next three years. The $12 bil-
lion would be in the form of grants
rather than loans.
In Jerusalem, senior Treasury
officials, at a closed meeting,
warned the government that its
economic policies are leading the
country to disaster, Israel Televi-
sion reported.

According to the report, offi-
cials of the Treasury's budget de-
partment called for the im-
mediate implementation of an
emergency budget, lest Israel be
left without foreign currency six
months from now.
According to the officials, the
TV report said, what the Cabinet
discussed was not budget cuts but
budget increases. The Defense
Ministry asked for a larger budget
to cover the costs of the with-
drawal from Lebanon.

Activists Seek
New Priorities

Jerusalem (JTA) A new ac-
tivist group which wants to re-
arrange government priorities in
favor of-social issues has emerged
here, calling itself "Combat '85".
One of its first demands is the
transfer of monies allocated for
new settlement building on the
West Bank to the needy.
The group is composed of young
city dwellers and others who were
active in the now defunct Black
Panther movement in the 1970s.
Their immediate goal is to lead
the social struggle in slum
neighborhoods, inhabited mainly
by Oriental Jews, which long
have been considered strongholds

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