NITA LOWEY. has spoken on the critical importance of U.S. assistance for stability in the Middle East. I agree wholeheartedly. However. this aid is also crucial for Israels continued progress toward economic reform. Like Russia. Israel is in the midst of shedding the burden of a huge state sector and moving toward a freemarket system. At the same time. it Is struggling to absorb nearly 500.000 new immigrants and create decent jobs and housing for them. To meet these challenges. the Rabin government is undergoing significant structural reform. In the last 2 years alone. the budget deficit has been cut by more than 50%.
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immigrants