Jerusalem, 30 July 1995

CABINET COMMUNIQUE

(Communicated by Cabinet Secretariat)

At the Cabinet meeting today (Sunday), 30.7.95:

The Cabinet approved the Finance Minister’s proposed resolution on the deficit and the budget addenda.

According to the resolution, the 1996 budget deficit will be 2.5% of gross domestic product.

Total Government revenues in 1996 will stand at NIS 123.2 billion.

The Cabinet also resolved that total Government spending for 1996 will be NIS 133 billion, NIS 2.15 billion less than in the 1996 budget.