US foreign aid to Israel will rise by $225 million to $2.775 billion in fiscal year 2010. The figure is included in the fiscal year 2010 foreign operations appropriations bill.

Fiscal year 2009 was the first under a ten year, $30 billion agreement on US aid to Israel. Annual aid to Israel under the plan is to rise from $2.55 billion in 2009 to a ceiling of $3.1 billion in 2013, and it will remain at that level for the rest of the period.

Like in previous years, Israel can spend up to 25% of the sum for defense purchases from Israeli manufacturers, and the remainder must be spent for defense purchases in the US.

Egypt will receive $1.3 billion in aid in 2010, and Jordan will receive $540 million.

Published by Globes [online], Israel business news - www.globes-online.com - on December 15, 2009

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