Iran plans to increase its military budget by 200 percent
Following the escalation of the situation between Iran and Israel, Tehran plans to increase its military budget by 200 percent. According to the data, in 2024, the expenditure of the Iranian Armed Forces amounted to 13.879 billion dollars, or 2.5% of GDP (2022).
Following the escalation of the situation between Iran and Israel, Tehran plans to radically increase its military budget. On Tuesday, Iranian government spokeswoman Fatime Mohajerani announced that the country's leadership plans to increase its military budget by approximately 200 percent.
"The country's defense budget has been increased significantly - by 200 percent," Mohajerani said without elaborating.
Iran and Israel have been exchanging missile strikes for months. For example, last Saturday, Israel hit Iran in response to the missile attack on October 1.
Tehran said on Monday it would "use all options" in response to Israeli attacks on military targets.
Iran currently has one of the largest armed forces in the Middle East, with about 350,000 military personnel, including more than 220,000 reservists.
According to Wikipedia, in 2024, the cost of the Iranian Armed Forces was 13.879 billion dollars, or 2.5% of GDP (2022).
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