Bush pledges to increase US funding to Israel [View All]

Source: Ynetnews

US to bolster economic aid to Israel in new 10-year agreement, says US President Bush after meeting with Prime Minister Olmert

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"In a White House statement issued following Prime Minister Ehud Olmert's visit to Washington, President George W. Bush pledged to increase US military aid to Israel over the course of the next decade.

An American team will land in Israel in July to finalize the deal. Israel currently receives an annual $2.4 billion in military aid.

"I am strongly committed to Israel's security and viability as a Jewish state, and to the maintenance of its qualitative military edge," said Bush in the statement."

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"The deal Bush seeks to finalize would commence in 2009 and would remain valid for 10 years. Olmert's office declined comment on the specific amounts being discussed."




Read more: http://www.ynetnews.com/articles/0,7340,L-3415479,00.html

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"A few months ago, Israel submitted a request to raise the annual sum by 25 percent over 10 years, from $2.4 billion to $3b."

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