Wednesday, May 27, 2015

Israel asking US for 50% increase in next defense package

Israel reportedly wants the US to increase its annual defense assistance package by half, to an average $4.5 billion.

Defense News reported this weekend that Israel and US officials have in recent months begun negotiations on the next 10-year aid package.

The previous package, negotiated by the George W. Bush and Ehud Olmert governments in 2007, averaged $3 billion of assistance each year, for a total of $30 billion, from 2007-2017.

The government of Israeli Prime Minister Benjamin Netanyahu wants that to increase to $42-45 billion over the 2018-2028 period, Defense News reported, adding that President Barack Obama during his March 2013 visit to Israel “endorsed in principle” that range .... http://www.timesofisrael.com