World
$30bn in US aid signed over to Israel
Thursday, 16 August 2007 16:05The US has signed a $30bn deal with Israel for military funding over next ten years, which is a 25% increase over previous years.
At a signing ceremony in Jerusalem, US Under Secretary of State, Nicholas Burns, pledged the US would help Israel maintain a military advantage over its regional foes.
Mr Burns said the US considers the defence aid funding to be an investment in long-term peace.
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The package was unveiled by Secretary of State Condoleezza Rice in July.
Is part of a new military pact with US allies in the region aimed at countering the 'negative influences' of al-Qaeda, Lebanon's Hezbollah militant group and enemies in Iran and Syria.
