Israel will receive $95,954,000 in military and economic assistance grants under the provisions of the authorization bill for the new foreign aid program being debated in the US Senate. The program is for the fiscal year beginning July 1. The authorization measure will set the policy and ceiling on funds. Appropriation legislation will be required afterwards to provide the actual funds.
Of the total proposed for Israel, $50 million is for security assistance, the same amount that was proposed for Israel in the fiscal year program ending June 30. The remainder of $45,954,000 is under Public Law 480 by which Israel may purchase agricultural commodities up to that amount in the open market in the US for sale in Israel. The proceeds are then used for projects in Israel that are approved by the US government.
As was the case last year, no figure is specified for Israel for credits for military purchases. But the Senate Foreign Relations Committee report which accompanied the legislation now before the Senate observed that up to $300 million is to be allocated for Israel. The total amount of credit in this bill is $443 million, $41 million more than for fiscal 1972. Jordan, Lebanon and Saudi Arabia also are scheduled to be recipients of military credits in undisclosed amounts.
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