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August 22, 1986 - Image 13

Resource type:
Text
Publication:
The Detroit Jewish News, 1986-08-22

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

NEWS

Israeli Cabinet
Approves Cuts
In Budget

ml Aviv (JTA) — The Cab-
inet agreed at it second
lengthy session last Sunday
to cut the US$19.1 billion
state budget by about US
$200 million, excluding the
military budget.
The defense budget is to be
discussed further by Prime
Minister Shimon Peres, De-
fense Minister Yitzhak Rabin
and Finance Minister Moshe
Nissim.
The agreed cut was consid-
erably less than Nissin had
hoped to force through the
Cabinet, but he later said the
actual cut gave hope to con-
tinued economic stability.
Nissim said the 'freasury now
could begin planning reform
in the capital market and tax
system. These actions were
strongly recommended in a
letter to Peres from U.S. Sec-
, retary of State George Shultz.
The Cabinet further do-
cided that until each minister
presents a detailed plan to im-
plement the cuts, there will be
a 75 percent freeze on their
contracts.
Nissim said the freeze
would not affect commit-
ments dealing with the open-
ing of the school year, the
defense system, the Housing,
Ministry and development
budgets.
In another development,
the Consumer Price Index re-
mained unchanged during
July, the Central Bureau of
Statistics. The figure immedi-
ately was hailed as indicative
of the success of the current
economic policy of freezing
the value of the shekel and
controlling prices.
Last July, the CPI rose 25
percent. It has risen 24 per-
cent in the year since the
government unveiled its aus-
terity plan. Inflation during
that year rose 15 percent. The
year before it had reached
about 400 percent.
The good news came a day
after the government pub-
licized a letter from Shultz
that urged introduction of far-
reaching economic reform.
The letter, received by Peres,
> was written in a friendly
style. But it gave specific ad-
vice, suggesting a link bet-
ween following the advice and
maintaining the current level
of economic cooperation with
the U.S. The U.S. sent Israel
US$1.2 billion in a non-mili-
tary grant and an emergency
grant of US $750 million this
year.
In his letter, Shultz urged
reform of the tax system and
capital market and suggested
the government sell the cor-
porations it owns to the pri-
vate sector. Shultz, an econ-
omist, said the reforms were
essential for economic growth.
He added that without the
growth, Israel would face ser-
ious problems in meeting its
budget.

On the Shabbat of August 23

the following congregations in

Metropolitan Detroit

will salute

BAR-ILAN UNIVERSITY

MAY ITS PRINCIPLES OF UNCOMPROMISING

QUALITY AND CONCERN FOR THE JEWISH

PEOPLE GUIDE IT IN THE FUTURE AND BE A

WORTHY EXAMPLE FOR JEWS EVERYWHERE.

Rabbi Efry Spectre
MT SHALOM SYNAGOGUE

Rabbi Shaiall Zachariash
CONGREGATION SHOMREY EMUNAH

Rabbi Chaim Bergstein
CONGREGATION BAIS CHABAD
OF FARMINGTON HILLS

Rabbi Noah M: Gamze
DOWNTOWN SYNAGOGUE

Rabbi Meilech Silberberg
CONGREGATION BAIS CHABAD
OF WEST BLOOMFIELD

Rabbi A. Irving Schnipper
CONGREGATION BETH ABRAHAM-
HILLEL-MOSES

Rabbi Martin Gordon
LIVONIA JEWISH CONGREGATION

MISHKAN ISRAEL, NUSACH H'ARI
LUBAVITCHER CENTER

CONGREGATION BETH ISAAC
TRENTON

Rabbi flannel I. Schwartz,
Senior Rabbi
Rabbi Marc S. Blumenthal,
Associate Rabbi
Dr. Richard C. Hertz,
Rabbi Emeritus
TEMPLE BETH EL

Rabbi Paul Stephen Reis •
CONGREGATION BETH ISRAEL
FLINT

Rabbi Gerald Schuster
TEMPLE BETH EL
FLINT

Rabbi David A. Nelson
CONGREGATION BETH SHALOM

Rabbi Richard A. Weiss
TEMPLE BETH JACOB
PONTIAC

Rabbi Milton Arm
CONGREGATION BETH ACHIM

Rabbi Leizer Levin
CONGREGATION BETH TEFILO
EMANUEL TIKVAH

Rabbi Morton F. Yolkut
CONGREGATION B'NAI DAVID

Rabbi Sherman Kirshner
CONGREGATION B'NAI ISRAEL
WEST BLOOMFIELD

Meyer Levin, President
CONGREGATION B'NAI ISRAEL
BETH YEHUDAH

Rabbi Stanley M. Rosenbaum
CONGREGATION B'NAI MOSHE

Rabbi Chaskel Grubner
CONGREGATION DOVID BEN NUCHIM

Rabbi Lane Steinger
Dr. Milton Rosenbaum,
Rabbi Emeritus
TEMPLE EMANU-EL

Rabbis M. Robert Syme and
Harold Loss
Rabbi Leo Fram,
Founding Rabbi
TEMPLE ISRAEL

Rabbi Norman T. Roman
Rabbi Ernst J. Conrad,
Rabbi Emeritus
TEMPLE KOL AMI

Iry Wengrow, President
.TROY JEWISH CONGREGATION

Rabbi Edward H. Garsek
CONGREGATION ETZ CHAYIM
TOLEDO

Rabbi Reuven Drucker
YOUNG ISRAEL OF GREENFIELD

Rabbi Or. Samuel Stollman,
Rabbi Emeritus
CONGREGATION SHAAR HASHOMAYIM
WINDSOR

Rabbi Eliezer Cohen
Rabbi Reuven Drucker
Rabbi James Gordon,
Rabbi Emeritus
YOUNG ISRAEL OF OAK-WOODS

Rabbi Leo Goldman
CONGREGATION SHAAREY SHOMAYIM

Rabbi Irwin Groner
CONGREGATION SHAAREY ZEDEK

Sidney Feldman
SYNAGOGUE LIAISON

Rabbi Elimelech Goldberg
YOUNG ISRAEL OF SOUTHFIELD

Donald Fox
Paul Zlotoff
GENERAL CHAIRMEN

Back-to-School
Eye Examinations
& Contact Lenses

Dr. Roland • Dr. Gottesman • Dr. Weishaus

13



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