Israel News

Israel and US Reach Final Aid Deal Tapering Purchases in Israel

Brigadier General (res.) Yaakov Nagel, the acting head of the National Security Council, has finalized the 10-year increased aid defense package between the U.S. and Israel after ongoing negotiations for months. 

The new stipulations of the deal require a moratorium on Israeli requests for supplemental funding for 10 years. The government will in the last five years incrementally increase the amount it spends in the US per annum until the entire amount of aid is being invested in the American domestic market. 

The new deal is to begin in 2018. The defense aid for 2017, which still falls under the terms of the last 10-year package, currently stands at $3.1 billio

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