sentences:  A bilateral memorandum of understanding was signed in January 2001, at the end of the Clinton administration, under which defense aid was increased to $2.4 billion annually from $1.8 billion, while the $1.2 billion of economic aid would be eliminated.This was predicated on the basis of the defense aid being increased by $60 million per year until the full amount was reached in 2008, while the economic aid is decreased by $120 million per year until eliminated.In 2007, the United States increased its military aid to Israel by over 25%, to an average of $3 billion per year for the following ten-year period (starting at $2.550 billion for 2008, growing by $150 million each year).