Quote (Chainsaw47 @ 4 Jul 2024 17:07)
I’m all for having a presence there if it means protecting important assets and preventing escalation which could reach the West, but why spend so much on it? It can’t be a crucial investment necessary to keep the peace and just a drop in the ocean at the same time. I’m curious where you got that $138b figure, what I’m finding is around $27.5b in 2023 (up from ~$23b in 2022). At any rate, it’s still over $300b the US has given in aid to Israel since 1948 (adjusted for inflation). That seems like a lot to me.
You're right, I was looking at this article:
https://www.bloomberg.com/news/articles/2023-12-25/israel-may-increase-defense-spending-by-8-billion-next-yearQuote
The ministry, in a document presented to parliament on Monday, said the overall 2024 budget will probably have to total 562 billion shekels, compared to 513 billion when the spending plan was first approved last May.
But these figures refer to Israel's overall budget, not just their military spending. $150bn in military spending per year would be ludicrous for a country of less than 10m, I should have realized that immediately. My bad!
Still: against their
actual 2023 defense budget of $27.5bn, the $3.8bn in US aid are still just a small-ish contribution. The true reason US aid is crucial for Israel is not its financial volume, but the technology they're receiving. US aid helps them retain technological supremacy over their neighbors. And during times of war, like right now, the US presumably also help them with critical ammunition supplies which Israel would have a hard time producing themselves. Say interceptors for their Iron Dome and such.
Also note that most of this military aid are just indirect subsidies from the US government for the US defense industry anyway, with Israel just acting as the intermediary:
https://www.cfr.org/article/us-aid-israel-four-chartsQuote
Most of the aid—approximately $3.3 billion a year—is provided as grants under the Foreign Military Financing (FMF) program, funds that Israel must use to purchase U.S. military equipment and services.
This post was edited by Black XistenZ on Jul 4 2024 09:32am