USA Govt’s $38 billion Aid to Israel

The United States will give Israel $38 billion in military assistance over the next decade. Agreement in this regard has been signed by USA and Israel authorities.

The deal includes:

-annual payments of $3.3 billion in so-called foreign military financing

-$500 million a year for Israeli missile defence funding, the first time this has been formally built into the aid pact.

-A phasing-out of a special arrangement that for decades has allowed Israel to use 26.3 percent of the U.S. aid on its own defence industry instead of on American-made weapons.

-Elimination of a longstanding provision that has allowed Israel to use about 13 percent of the U.S. aid to buy military fuel.

-The funding will allow Israel to update “the lion’s share” of its fighter aircraft, including purchasing additional F-35 Joint Strike Fighters. Israel is scheduled to receive 33 F-35 aircraft, the first two of which will be delivered in December.