Israel Draft Budget for Fiscal Year 1998

Total			18,150
Part 1: Income Tax Division			15,140
A.	Attributes for Factors of Production		1,140
	1.	Encouragement of Capital Investments Law		950
	-	General			250
	-	Foreign investors			200
	-	Alternative track			500
	2.	Research & development, oil exploration, films		30
	3.	Credit for shift workers		160
B.	Capital market benefits		9,630
	1.	Provident funds, net		3,430
	-	Benefits at point of deposit			3,800
	-	Taxation at point of withdrawal			-370
	2.	Study funds		900
	3.	Interest income		3,200
	4.	Capital gain from stock exchange		2,100
C.	Welfare and population dispersal		2,560
	1.	Income tax exemption for non-profit organization	incomplete information
	2.	Exemption for Ministry of Defense allowances		210
	3.	Exemption for National Insurance allowances		1,480
	-	Child allowances			1,000
	-	Old age and survivors' benefits			370
	-	Immigrants allowances			110
	4.	Credit for new immigrants		90
	5.	Credit on account of medical expenses		10
	6.	Special welfare credit		40
	7.	Charitable donations		100
	8.	Blind and Disabled		100
	9.	Credit for residents of development areas		480
	10.	Credit for employers in Eilat		50
D.	Family tax benefits (except for exemption on child allowances)		930
	1.	Credit for one-parent families		30
	2.	Half a credit point for women		300
	2.	Credit for children (including one-parent families)		600
E.	Various income tax benefits		200
	1.	Exemption on betting income		100
	2.	Exemption on rental of residential apartments		100
F.	Property tax benefits		680
	1.	Rebates in property tax		80
	2.	Exemption from betterment tax for residential apartment		0
	3.	Reduced betterment tax for historic properties		360
	4.	Property tax benefits		240
Part 2: The Customs and Value Added Tax Division			2,910
A.	Customs and purchase tax		1000
	1.	New immigrants		270
	2.	Returning residents		60
	3.	Israeli tourists		50
	4.	Parts for vehicles (air cushions and ABS)		320
	5.	Conditional exemptions		300
B.	V.A.T.		1,910
	1.	Fruit and vegetables		1,240
	2.	Tourist services		550
	3.	The Eilat Law		120
Part 3 - Fees			100

	Summary of the Second Supplement	Income Expenditure	Spending Authorization	Peak Manpower
	Total Income ==========	9,513,957 =======
89	Enterprises of the Prime Minister's Office and the Ministry of Finance	272,940
94	Government hospitals	3,957,508
95	Jaffa Port and Hadera Port	30,596
96	Ministry of Communications	184,725
98	Israel Lands Administration	5,068,188
	Total Expenditure ==============	9,513,957 ========	387,715 ======	15,794.0 ======
89	Enterprises of the Prime Minister's Office and the Ministry of Finance	272,940		114.0
94	Government hospitals	3,957,508		15,181.5
95	Jaffa Port and Hadera Port	30,596		4.0
96	Ministry of Communications	184,725		4.0
98	Israel Lands Administration	5,068,188	387,715	490.5