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Obama to increase aid to Israel
10-06-2008, 09:21 AM,
#1
Obama to increase aid to Israel
Quote:US presidential candidate Senator Barack Obama is committed to increasing foreign aid to Israel, should he be elected in the November ballot.

Obama would honor existing agreements concerning aid to Israel and would work toward "increasing aid to Israel to USD 30 billion over 10 years," a spokeswoman for Obama told Israeli business daily Globes.

In the vice presidential debate last week, Obama's running mate Senator Joe Biden said their administration would have to hold back on plans to double foreign aid in general, in light of the financial crisis in the US.

Most of US aid to Israel is in form of military aid and Israelis have received more US military assistance than any other nation. Since 1987, the US has provided an annual average of USD 1.8 billion in military assistance to Israel.

The annual US military aid to Israel was increased to USD 2.4 billion from the $1.8 billion, following a deal signed in January 2001, at the end of the Clinton administration.

In 2007, the United States increased its military aid to Israel by over 25%, to an annual average of USD 3 billion for the following ten-year period, staring at USD 2.550 billion for 2008 and growing by USD 150 million each year.

http://www.presstv.ir/Detail.aspx?id=71409...ctionid=3510203
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