Iran to significantly increase military budget

Iran wants to allocate much more money to the military, following the recent sharp tensions in the Middle East.

The government proposes that the military budget will be three times as high, announced its spokesperson Fatemeh Mojaherani at an appearance in Tehran.

She did not go into details about the amounts. According to an assessment by the Stockholm-based Sipri, Iran is allocating approximately 109 billion kronor to the military this year.

The budget proposal will be subject to debate and a vote is expected in March next year.