Israel Finance Ministry

		Table of Contents
Part A:		Economic Developments and Macro-Economic Forecasts
		1. Economic Developments in the First Three Quarters of 2003
		2. Macro-Economic Forecasts for the End of 2003 and for 2004
		3. Medium-Term Forecast (2005-2010)
		Tables of Macro-Economic Forecasts

Part B:		Principles of the Economic Policy in the 2004 Budget
		1. Fiscal Policy for 2004 and Thereafter
		2. Trends in Aggregate Budget Data for the Years 1995-2002 and Forecasts for 2003-2004
		3. Measures for Attaining Budget Objectives in 2004
		4. Forecast of National Taxation Revenues for 2004
		5. Government Wage and Personnel Policy
		6. Financing the Deficit and Capital Market Policy
		7. Monetary Policy