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| By: Israel Insider staff and partners |
| Published: February 11, 2007 |
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The Bush administration will submit its proposed budget for US foreign aid in 2008 to Congress on Wednesday, requesting USD 20.27 billion -- a more than 12 percent increase in foreign aid from 2007.
Israel, long since the US' top recipient of foreign aid, will receive USD 2.4 billion. Since 1979 and the Israeli-Egyptian peace treaty, Israel has annually received up to USD 3 billion in aid.
Civilian aid has been steadily decreased over the course of the past 10 years, going from USD 1.2 million to being completely cancelled this year. At the same time military aid to Israel has increased from USD 1.8 billion to USD 2.4 billion.
Ynetnews contributed to this article. |
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