3% GDP economy boost is a lot.
Update: Sorry, 3% of budget. It's less than 3% of GDP, but still a lot.
Update: Sorry, 3% of budget. It's less than 3% of GDP, but still a lot.
Israel's GDP is around 250$ billion. So US foreign aid is around 1.2% of GDP.
However, as I mentioned in the previous post, this aid does not come in the form of actual dollars but in the ability to purchase goods with highly inflated prices and some strings attached. I'm pretty sure Israel would happily trade 3$ billion of US foreign aid with 1$ billion of actual money.