Wednesday, 17 April 2013

Details of Obama’s $3.4 Billion Israel Aid for FY2014

Under 2014 budget proposal submitted by U.S. President Barack Obama to Congress on Wednesday, Israel would receive $3.4 billion in total military aid, including $220 million for the Iron Dome anti-rocket system.

Israel would receive $3.4 billion in total military aid under the 2014 U.S. budget proposal sent to Congress by President Barack Obama on Wednesday, virtually unchanged from its current level of military aid from the U.S.

Obama's proposal includes $3.1 billion in general military aid for Israel, similar to 2013, plus a separate request for $220 million to finance the Iron Dome anti-rocket defense system. In 2013, funding for Iron Dome was not included in the president's original budget proposal, but $210 million was added later on by Congress.

Obama's 2014 proposal also allocates $96 million for joint U.S.-Israel research and development projects, including the David's Sling and Arrow missile defense systems.

The overall budget proposal that Obama submitted to Congress on Wednesday totaled $3.8 trillion.

The proposed budget hopes to tame galloping deficits by raising taxes on the wealthy and trimming benefit programs. The proposal includes $1.8 trillion in new deficit cuts over the next decade as the U.S. tries to reduce its debt.

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