US military aid to Israel to increase by $1bn

The annual military aid provided by America to Israel is expected to increase by nearly $1 billion by the end of this decade, Israeli newspaper Haaretz reported.

According to the newspaper, the total amount of aid given to Israel by America since 1962 has reached approximately $100 billion; $3.1 billion during the past year.

The newspaper quoted informed sources as saying that during the renewal of the military aid agreements for the upcoming years, there will be an increase in the military aid budget, which will reach more than $4 billion a year starting from 2019.

The sources added that the talks regarding the increase in America’s annual military aid started recently, after a nuclear deal was sign between the P5+1 countries and Iran. The talks are ongoing.