US foreign aid to Israel will rise by US$225 million in fiscal year 2010. Israel can spend up to 25% of the sum for defense purchases
US President Barack Obama signed last week the foreign aid budget law for 2010 which includes the granting of US$2.775 billion in security aid to Israel.
US foreign aid to Israel will rise by US$225 million in fiscal year 2010.
Annual aid to Israel under the MOU is to rise from $2.55 billion in 2009 to a ceiling of $3.1 billion in 2013, and it will remain at that level for the rest of the period.
Like in previous years, Israel can spend up to 25% of the sum for defense purchases from Israeli manufacturers, and the remainder must be spent for defense purchases in the US.
Egypt will receive $1.3 billion in aid in 2010, and Jordan will receive $540 million.
The budget signed by Obama, for the first time, also grants $500 million to the Palestinian Authority. The aid also includes $100 million to be used by US General Keith Dayton, who is in charge of training the Palestinian security forces in the West Bank.