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U.S. Reduces Military Aid to Israel by 5 Percent

Times of Israel – The US will cut five percent, or $175 million, from its annual military aid package to Israel as part of across-the-board budgetary spending cuts, a Hebrew daily reported Friday.

Prime Minister Benjamin Netanyahu had instructed Israeli officials in Washington, DC, to not ask the US government for an exception from the fiscal measures, according to Maariv. US military aid to Israel is currently set at $3.1 billion per year.

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Source: The Algemeiner

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Posted by on June 24, 2013. Filed under Business News,Israeli News,U.S. News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.