US presidential candidate Senator Barack Obama campaign promises not to cut aid to Israel

Other News Materials 5 October 2008 21:29 (UTC +04:00)

US presidential candidate Senator Barack Obama has promised not to cut foreign aid to Israel if he is elected in November, a spokeswoman for Obama has said, dpa reported.

In a statement to the Israeli business daily Globes, a spokeswoman for Obama said he would honor existing agreements pertaining to foreign aid and as such was committed to "increasing aid to Israel to $30 billion over 10 years."

In the vice presidential debate last week, Obama's running mate Senator Joe Biden said their administration would have to hold back on plans to double foreign aid in general in light of the financial crisis in the US.

Israel is estimated to receive over $2.5 billion each year in foreign aid from the US, in addition to other grants for projects, such as joint military research and development.