Israeli Prime Minister Benjamin Netanyahu said US financial assistance to Israel is “like welfare” and stated he wants to gradually phase it out over the next decade, Anadolu Agency reports.
“I want to stop US aid. It is like welfare. I do not want it,” Netanyahu said in an interview with Israel’s Channel 14 broadcast on Tuesday evening.
He said Israel’s economy is no longer small and is capable of independently covering its costs.
“US funding represents a small part of gross domestic product and Israel now has enough financial capacity to cover the amount entirely from its own resources,” he said.
Asked whether Israel should stop receiving US aid, Netanyahu replied: “Yes.”
“I want a 10-year phase that would gradually reduce Israel’s dependence on the US,” he said.
Netanyahu said Israel’s economy is approaching $1 trillion and would be able to finance itself starting next year.