- SEE RED AND SAVE A LOT OF GREEN$$ 1995 LeSABRE Cabinet Backs Budget Cut Jerusalem (JTA) — Israel's Cab- inet has agreed to slash some $670 million from the govern- ment's $44.3 billion budget for 1996. With the Cabinet's approval, the 1996 budget will go before the Knesset for a final vote in October. The 14-6 decision by govern- ment ministers to approve the 7- ) cuts, reached during a marathon session during the Cabinet's weekly meeting, came after Trea- sury officials warned that it was the only option if the government wanted to deal with the budget deficit while preserving the coun- try's economic growth. Finance Minister Avraham Shohat argued against another option — raising taxes — a move certain to be unpopular with Israeli voters as the country's national elections, slated for November 1996, loom ever closer. According to Mr. Shohat's pro- posed plan, the 1996 budget deficit will be $2.27 billion, corn- pared with the $2.38 billion deficit estimated for this year. Jacob Frenkel, governor of the • Bank of Israel, supported the Cabinet's decision, though he had called for yet deeper cuts in spending. Further discussions are sched- uled to take place next month, when the Treasury is expected to ask the government to set na- tional priorities and work with each ministry to cut costs. Most of the opposition to the • cuts came from ministers with social portfolios. Labor and Social Welfare Min- ister Ora Namir said after the meeting that if the cuts were made, they would immediately affect society's weaker members. Concerns have also been raised about how budget cuts would affect defense spending — par- ticularly as government officials attempt to estimate the cost of redeploying the Israel Defense Force in the West Bank. The re- deployment will take place when the next phase of Palestinian self- rule is implemented. Most reports place redeploy- ment costs between $500 million and $1 billion, which would in- clude the cost of moving IDF • , bases and providing new securi- ty measures for West Bank areas not under Palestinian adminis- tration. Prime Minister Yitzhak Rabin met last week with Finance and Defense Ministry officials in an attempt to resolve the differences between the defense establish- ment's request for an additional allocation of some $833 million to fund "Rainbow 2," as the rede- ployment plan is called, and Trea- sury calls for a $200 million cut in defense spending. • Anti-Theft • AM/FM Cassette • Power Windows • Power Locks • Aluminum Wheels • Cruise Control • ABS • Dual Air Bags $ 29 9 99*30 Months *30 month closed end lease based on approved credit. 12,000 miles per year, 150 per mile overage. Lessee has option to purchase at lease end for price to be determined at inception. Total pymts. equals payment times term. Plus acq. fee, dest., tax, title, doc fee and plates due at delivery. All rebates assigned to dealer. Prior sales and leases excluded. In stock vehicles only, must take delivery by 8/31/95. ILL 1311ICKd ok 37901 Grand River - West of Halsted 810E471 .0044 - on't et your dreams go up in smoke Stop smoking today ■ AMERICAN LUNG ASSOCIATION ® OF SOUTHEAST MICHIGAN 18860 West Ten Mile Road,'Southfield, Michigan 48075 J his space donated as a public service by the publisher BUICK Farmington Hills Classes begin in late Aug. and early Sept. for the fail exams. THE PRINCETON REVIEW LSAT GMAT GRE 800-2-REVIEW The most personal approach to your test. The Princeton Review is not affiliated with ETS or Princeton University. The Bright Idea: Give a Gift Subscription THE JEWISH NEWS 111