Saturday, 3 January 2009

Who Gets U.S. Foreign Aid

Parade Magazine recently featured an article on the top six (with another 4 in less detail) countries that receive foreign aid from the US. Check it out its pretty interesting to see where our money is going and what its being used for.

The U.S. will give an estimated $26 billion in foreign aid in 2008—70% more than when President George W. Bush took office (the figure doesn’t include funds related to the wars in Iraq and Afghanistan). More than 150 countries get financial assistance from the U.S. Here are the six that received the most this year.

1. Israel
AID- $2.4 billion
PURPOSE- Virtually all of this money is used to buy weapons (up to 75% made in the U.S.). Beginning in 2009, the U.S. plans to give $30 billion over 10 years.

2. Egypt
AID- $1.7 billion
PURPOSE- $1.3 billion to buy weapons; $103 million for education; $74 million for health care; $45 million to promote civic participation and human rights.

3. Pakistan
AID- $798 million
PURPOSE- $330 million for security efforts, including military-equipment upgrades and border security; $20 million for infrastructure.

They're are another 7 on parade magazines web site check it out Here

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