US aid to Israel to decrease by $100 million

Bush budget plan part of agreement to phase out econcomic support but increase military funding.

By HILARY LEILA KRIEGER, JERUSALEM POST CORRESPONDENT
February 6, 2007 00:35
1 minute read.
US aid to Israel to decrease by $100 million

bush budget 298.88. (photo credit: AP)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

US aid to Israel would decrease from $2.5 billion to $2.4b. in the 2008 budget proposal unveiled Monday by President George W. Bush. The reduction is part of a 10-year plan previously agreed upon by the US and Israel in which economic support is phased out but military funding increased. In 2008, the last year of the plan, economic aid - already down to $120 million in 2007 - would be cut out entirely, while military assistance would grow from $2.34 billion to $2.4b. The preliminary international affairs budget also continues the allocation of $40m. per year for the absorption of Jews from the former Soviet Union and $375,000 in scholarships for Israeli Arabs to study in the US. It also contains a new $500,000 appropriation for international narcotics control and law enforcement. Though the international affairs budget comprises the bulk of aid to Israel, other assistance might be channeled through the departments of Defense and Homeland Security. Congress, which has to authorize the budget as part of a lengthy approval process, could also add additional spending measures. Congress is not expected to oppose the requested international affairs allocations for Israel. The overview for the international affairs budget, which includes spending for the State Department and foreign aid, notes that appropriations for Israel and Egypt will be declining slightly as part of plans already in place, but that overall Middle East spending is increasing by 4 percent from its 2006 level. Of that, 93% is focused on those two countries plus Jordan and Iraq. Egypt would receive $1.31b. in aid; Jordan close to $500m.; and Lebanon a 21% increase to reach more than $800m., including boosting the international peace-keeping effort there. "The Near East region presents both challenges and opportunities to implement US objectives and bolster efforts at political and economic reform to achieve success in the Global War on Terror," the budget summary states. "The [fiscal year] 2008 request emphasizes continued investments in peace and security and political reform."

Related Content

kurds syria
July 22, 2018
Iran and Turkey pressure Kurdish groups on different fronts

By SETH J. FRANTZMAN