Israel seeks 60 percent increase in US military aid: US officials

‘Israel is seeking a large increase in annual military assistance from the United States and has held preliminary talks with the Obama administration on a 10-year financial package that would provide up to $50 billion, American congressional sources say.

During unofficial talks in recent weeks, Israel has asked the US to increase its annual military assistance by 60 percent to an average of $5 billion a year over the 2018-2028 period, the congressional aides said on Wednesday, according to Reuters.

Under the existing agreement that was signed in 2007 and expires in 2017, annual military aid to Israel grew to about $3 billion a year. That deal was negotiated during the George W. Bush administration.’

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