Netanyahu Won’t Ask U.S. to Exempt Israel from Budget Cuts

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netanyahu Israel will not object to a planned 5% cut in annual military aid from the U.S., Israeli Prime Minister Bibi Netanyahu reportedly said. Under the sequester, the across-the-board cuts mandated by 2011 legislation, Washington is set to cut more than $150 million from the annual $3.1 billion aid package to Israel.

Michael Oren, Israel’s ambassador to Washington, told Maariv that “Israel did not seek an exception….We are willing to share in the burden.”

The planned cuts will likely affect Israel’s ability to purchase F-35 stealth fighters, but will apparently not affect funding for the Iron Dome missile defense system.

{Matzav.com Israel News Bureau}

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