- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
Israel has been the largest cumulative recipient of U.S. foreign aid since its founding, receiving about $310 billion (adjusted for inflation) in total economic and military assistance.
Since the start of Israel’s war with Hamas on October 7, 2023, the United States has enacted legislation providing at least $12.5 billion in military aid to Israel, which includes $3.8 billion from a bill in March 2024 (in line with the current MOU) and $8.7 billion from a supplemental appropriations act in April 2024.
Most of the aid—approximately $3.3 billion a year—is provided as grants under the Foreign Military Financing (FMF) program, funds that Israel must use to purchase U.S. military equipment and services. In October, the Joe Biden administration said Israel had nearly six hundred active FMF cases, totalling around $24 billion. (…)
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