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U.S. Aid To Egypt Is Slowly Reduced
The United States has been slowly reducing aid to Egypt. A congressional report said U.S. aid to Egypt has dropped over the past five years. Most of the aid decline has been in economic assistance. The Congressional Research Service said U.S. aid dropped from a high of $2.1 billion in fiscal 2001 to $1.82 billion in fiscal 2005. The reduction reflected a decline in both economic and military aid. "Economic aid has dropped in annual $40 million increments from $815 million in FY1998 to $535 million requested for FY2005," the report, entitled "Egypt-United States Relations," said.Posted by: Fred 2005-05-12 |
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