Israel to Receive $68,000,000 in U.S. Economic Aid Program

Approximately $68,000,000 in economic aid for Israel is included in the $160,000,000 for the Near East allocated in the final agreement announced this afternoon by the Senate-House conference on the Mutual Security Bill. An estimated $41,000,000 for military aid to the Near East, in which amount Israel will share, is separately included in the bill. The measure now goes to the White House for President Truman’s signature.

The conference of Senators and Representatives decided to take the Senate’s decision on aid to the Near East, which represented a cut from the House figure of $175,000,000 in the amount of $15,000,000. Passage of this legislation establishes authorization for Congress to appropriate this amount, but the actual appropriations must be made in additional legislation.

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