The Israeli government is the largest recipient of US financial aid in the world, receiving over one-third of total US aid to foreign countries**4**, even though Israel’s population comprises just .001% of the world’s population and has one the world’s higher per capita incomes.
] Since 1949 the US has given Israel a total of $84,854,827,200. The interest costs born by US taxpayers on behalf of Israel are $49,937,000,000 – making the total amount of aid given to Israel since 1949 $134,791,507,200 (more than $134 billion).5
] The total cost of this financial aid to US tax payers per Israeli is $23,240.
] Since 1992, the US has offered Israel an additional $2 billion in loan guarantees every year.*6
*] Nearly all past loans to Israel have been forgiven – leading Israel to claim that they have never defaulted on repayment of a US loan – with most loans made on the understanding that they would be forgiven before Israel was required to repay them.
*] In 1997 alone, the total of US grants and loan guarantees to Israel was $5.5 billion, i.e., **$15,068,493 per day. **
The United States provides direct and indirect military aid to Israel – totalling more than it gives to all the countries of sub-Saharan Africa, Latin America, and the Caribbean put together, whose combined total population is 1,054,000,000.
According to a US Department of Defence Joint Report to Congress in March 2001, “It is in the United States’ national interest to promote the existence of a stable, democratic and militarily strong Israel, at peace with its neighbours …]”.7 According to a US State Department statement in November 2002, the US government is committed to “maintaining and enhancing Israel’s security and qualitative edge over any combination of adversaries” and “the important advantages the US-Israeli strategic relationship has and will continue to provide us.”8
*] Foreign Military Financing (FMF) is grants to foreign governments financing the purchase of American-made weapons, services and training. Israel receives 50% of the FMF budget request. The large sums paid by the US to Egypt and Jordan are in recognition of the two countries signing peace accords with Israel in 1979 and 1994 respectively.
FMF Budget Request FY 2001: Total budget request: $3.54 billion Budget request for Israel: $1.98 billion Budget request for Egypt: $1.3 billion Budget request for Jordan $75 million