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United States Aid to Israel Increases to $2.775 Billion

Posted July 13, 2009 - 10:08am
David Lipkin in Ma'ariv-
The US administration is going to increase defense aid that is given to Israel in 2010 to USD 2.775 billion as part of the gradual increase in aid to USD 30 billion over the course of a ten-year period. In the coming years the defense aid package will increase to approximately USD 3 billion annually.
According to legislation that was passed, Israel will be permitted to spend only 25 percent of the aid money in Israel. The rest of the money will have to be spent on acquisitions that are made from American military industry firms.
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