The Jerusalem Post reports: The new memorandum of understanding governing US military financial aid to Israel over the next decade will include a significant increase, but limit Congress’s ability to add supplemental military financial aid on a year-to-year basis, according to a report in Defense News.
According to the report, an Israeli cabinet minister said that the proposed package would start at an annual $3.8 billion, and grow incrementally until it reaches a total of more than $40b. over the 10-year period, beginning in 2018.
The current 10-year MoU, which was signed in 2007, provided Israel with some $30b. in financial military aid.
According to the report, although the package will include more money, Israel will have to forfeit Congressional “plus-ups” to the president’s annual budget, except in extreme emergency cases.
Read more at the Jerusalem Post