Full coverage· Security· Updated
US Aid Halt to Israel May Force Tax Hikes, Budget Cuts
U.S. President Donald Trump announced an end to security aid to Israel by year-end, though he pledged continued support. The annual $3.8 billion aid package is crucial for Israel's defense budget. Israeli finance officials are concerned this will necessitate tax hikes and budget cuts to cover the shortfall.
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What happened
- 01U.S. security aid to Israel will end by year-end, President Trump announced.
- 02The annual aid package is valued at $3.8 billion, covering defense systems and R&D.
- 03Israeli finance officials fear the aid halt will require tax increases.
- 04Budget cuts in other sectors are also anticipated to cover the defense funding gap.
- 05Procurement deals were signed assuming continued U.S. assistance.
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