US pledges record $38bn military aid to Israel over next 10 years - News Summed Up

US pledges record $38bn military aid to Israel over next 10 years


The US will will give the Israeli military $38bn over the next decade in what Washington described as the biggest package of military assistance in its history. Former Israeli president Shimon Peres in hospital after suffering stroke Read moreThe military deal which will be signed in Washington on Wednesday includes an estimated $5bn for missile defence. Under the previous deal, the US provided Israel with $30bn over a 10-year period, although the actual funds delivered over that time period were about $35bn as Israel sought additional funds from the US Congress. Under the new deal, Israel would not be able to solicit extra money from Capitol Hill. Nor would it be able to spend any of the aid on fuel for its armed forces.


Source: The Guardian September 13, 2016 19:35 UTC



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